New research from British insolvency firm Begbies Traynor revealed that 484,000 U.K. businesses are in “significant financial distress,” which is 14% of all the economically active firms in the country.
The “Red Flag Alert” data also showed that the number of firms in “critical” distress, often a precursor to formal insolvency, rose by 17% year-on-year in the first quarter of 2019, prompting concerns that the U.K. could suffer a broader economic slowdown.
No comments:
Post a Comment