Number of firms in critical financial distress rises sharply
Published by Michael Graves on Mon, 13/06/2022 - 9:59amA growing number of UK businesses are at risk of going under as costs spiral and Covid loan repayments become due, according to a report from insolvency firm Begbies Traynor.
Although COVID restrictions have been lifted, some firms are still feeling the impact of disruptions to supply chains, and the price of energy and other inputs have risen sharply.