economy businesses-in-critical-distress 
UK debt collections
JANUARY 23, 2024
According to the report, London has 137,515 companies in ‘significant’ distress with 12,146 in a ‘critical’ situation. The South East has 83,598 companies, which are described as in ‘significant distress’, with 6,233 in a ‘critical’ state.
UK debt collections
AUGUST 16, 2022
The number of businesses in critical distress has increased by 37% in the past year. The latest Begbies Traynor Red Flag Alert report has revealed the financial strain continuing to be faced by thousands of British businesses. Sectors with the highest number of critically distressed businesses: Construction.
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UK debt collections
MAY 4, 2022
Leading Insolvency firm Begbies Traynor has reported a 19% rise in Companies in critical financial distress for the first 3 months of 2022. Research conducted by the Insolvency specialist has found that 1,891 firms were now in severe financial distress for the first quarter of the year.
In the Red
MARCH 23, 2020
The COVID-19 pandemic has caused unprecedented economic disruption, creating sudden financial distress across industries. Companies are now facing impacts ranging from a dramatic decline in revenue of uncertain duration, to potential setbacks to M&A transactions, to delayed or canceled financing rounds. A Refresher On Fiduciary Duties.
UK debt collections
NOVEMBER 15, 2023
Uk Business insolvency is officially on the rise. The latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for October 2023 was 2,315, 18% higher than in the same month in the previous year (1,954 in October 2022). Businesses are being battered from all sides.
UK debt collections
NOVEMBER 4, 2022
The latest Government insolvency statistics for Q3 2002 show a significant increase in the volume of companies in distress. Many distressed businesses managed to keep afloat through Covid by using the high level of government support available. All of these factors point to an economy sliding into recession.
UK debt collections
MARCH 17, 2022
Difficult months ahead as pressure on businesses grows. Many distressed businesses have managed to keep afloat by making use of the high level of government support available. Many distressed businesses have managed to keep afloat by making use of the high level of government support available.
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