Begbies Traynor (GB:BEG) has released an update.
The latest Red Flag Alert report by Begbies Traynor reveals a concerning rise in financial distress among UK businesses, with over 630,000 companies now categorized as facing ‘significant’ financial difficulties. The utilities, food & drug retail, financial services, and bars & restaurants sectors are particularly affected, highlighting the widespread economic challenges. Despite a drop in ‘critical’ distress cases, uncertainty and high inflation continue to pose significant threats to the business landscape.
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