Article 6J1DZ More than 47,000 UK businesses on ‘brink of collapse’, warn insolvency experts

More than 47,000 UK businesses on ‘brink of collapse’, warn insolvency experts

by
Mark Sweney
from on (#6J1DZ)

25% jump in firms facing critical' financial distress, with property and construction sectors featuring heavily, says Begbies Traynor

More than 47,000 UK companies are on the brink of collapse after a 25% jump in the number of businesses facing critical" financial distress in the final three months of 2023, according to a report.

It marks the second consecutive quarter-on-quarter period when critical financial distress has risen by a 25%, the latest Red Flag" report by insolvency specialists Begbies Traynor found.

Construction (7,849)

Support services (7,096)

Real estate & property services (6,228)

Professional services (4,347)

General retailers (3,133)

Telecoms & IT (2,830)

Health & education (2,719)

Media (1,828)

Financial services (1,373)

Food & drug retailers (1,343)

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