BusinessBusiness RecoveryEight-fold increase in companies on the ropes

Eight-fold increase in companies on the ropes

Begbies Traynor study discovers massive surge in the number of companies facing wind-up orders

Eight times more companies are facing critical problems at the moment
compared to the same time last year.

4,258 businesses are now facing winding-up petitions from creditors or county
court judgments in excess of £5,000, compared with just 542 in the second
quarter of 2007, Begbies Traynor found.

The firm’s Red Flag alert also found that quarter-on-quarter, the number of
companies facing critical problems increased by 29%
the
FT
reported.

Further reading:

Companies
heading for administration jump 16%

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