business stress

More than 600,000 firms in financial distress

21st October 2022 Commercial Collections and Recoveries | #business stress

More than 600,000 UK companies are in critical financial distress, according to a Red Flag report by Begbies Traynor. The latest data reveals that the number of companies rated as being in ‘critical financial distress’  continued to rise rapidly in the third quarter of 2022, jumping by 25% compared with the same period in 2021…

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Number of companies in critical distress increases by 37%

9th August 2022 Commercial Collections and Recoveries | #business stress

The number of companies in ‘critical financial distress’ has increased by 37% in the past year, insolvency specialists Begbies Traynor has warned. The latest Begbies Traynor Red Flag Alert report has revealed the financial strain continuing to be faced by thousands of British businesses. The research found that the number of companies rated as being…

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One in five businesses struggling to be competitive as inflation hits 40 year high

7th July 2022 Commercial Collections and Recoveries | #business stress

One in five businesses are struggling to be competitive as inflation hits 40 year high according to Time Finance. The company has revealed the extent of the cost of doing business crisis, with 91% of UK SMEs forced to hike their own prices in order to keep up with soaring operational costs. The alternative finance…

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