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%