Over 50,000 UK firms in 'critical distress', up 9% in past year
UKPulse Money Desk
The number of British companies in 'critical distress' has increased by 9% over the last year, reaching 53,756, according to insolvency experts Begbies Traynor Group (BTG).
- 53,756 British firms are currently in 'critical distress'.
- This represents a 9% increase in the past year.
- The figures were reported by insolvency experts Begbies Traynor Group (BTG).
Insolvency experts Begbies Traynor Group (BTG) have reported that 53,756 British companies are currently experiencing 'critical distress'. This figure marks a 9% rise over the past year.
The increase suggests a challenging period for businesses, with more than 50,000 firms now considered to be on the brink.