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Financial distress on the rise for U.K. firms, says Begbies Traynor study

Investing.com — A study by Begbies Traynor, a U.K. business recovery, financial advisory and property services consultancy, has revealed a significant increase in financial distress among U.K. firms.

The study was published on Friday and indicates a challenging year ahead for businesses across all sectors in the country.

The firm’s latest Red Flag Alert report highlighted a concerning surge in the number of U.K. businesses entering a state of “critical” financial distress in the final quarter of 2024.

The report showed a rise of 50.2% in financial distress, affecting 46,853 companies. This significant increase underscores a deteriorating business outlook across the U.K., according to the study.

The report, which monitors the health of U.K. companies, pointed to a historic jump in financial distress, indicating that businesses across all sectors of the country are set for a challenging period. The findings of the report suggest a tough year ahead for U.K. firms as they grapple with increased financial distress.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com







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