Number of firms in critical financial distress rises sharply
A growing number of businesses, especially in construction and hospitality, are in a critical position. …
Begbies Traynor, which publishes regular health checks on the state of British businesses, said its “Red Flag Alert” research reflected the strain two years of extraordinary financial pressures have had on thousands of companies. It said 1,891 firms now fell into the category of critical, suggesting their outlook is precarious.
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