New research from Begbies Traynor, the UK’s leading independent business recovery practice, shows that more than 275,000 companies were showing signs of “significant” financial distress at the close of 2016, representing the thirteenth consecutive quarter that corporate stress has risen on a year on year basis.
New research reveals that British businesses from Land's End to John o' Groats have shown surprising resilience since the EU Referendum result was announced, with levels of financial distress falling across every region of the UK over the past three months.
UK businesses across nearly every sector of the economy were showing positive signs of stability following the EU Referendum, new research from Begbies Traynor, the UK’s leading independent insolvency firm, reveals.
UK businesses across every sector of the economy were showing positive signs of stability in the run up to the EU Referendum, new research from Begbies Traynor, the UK’s leading independent insolvency firm, reveals. However after the severe market turmoil that immediately followed the Brexit decision, experts warn that it could be at least another six months before we see a ‘new normal’ in the UK economy.
The introduction of the National Living Wage, unseasonable weather, England’s early exit from the Euros and the recent Brexit decision have all added significant pressure to the UK’s pubs and bars this summer, reveals new data from Begbies Traynor, the UK’s leading independent insolvency firm.
New data from Begbies Traynor, the UK’s leading independent insolvency firm, reveals that nearly 60,000 UK companies that were forced to implement the National Living Wage on 1 April were already in a dire financial state before the scheme was even introduced, suggesting that the UK could see a spate of business failures in 2016 as these companies struggle to absorb the higher staff costs associated with this new regulation.
c.21,000 UK manufacturers which rely heavily on exports could be tipped over the edge in a Brexit scenario
Financial distress across the leading football clubs in Scotland, which peaked in 2011 at almost 10% of all clubs, remains at a record low according to football finance experts at Begbies Traynor who analysed key indicators of business distress in the sector.
Football ‘fitter than ever before’ - club distress rates plummet to record lows
New data reveals that UK companies are bracing themselves for a difficult 2016, after finishing 2015 in a challenging financial state, warns Begbies Traynor, the UK’s leading independent insolvency firm.
In the final days before Christmas, UK retailers are pinning all their hopes on a last minute sales surge from desperate shoppers who have left it too late for online deliveries, after another challenging festive trading period for the British high street, warns Begbies Traynor, the UK’s leading independent insolvency firm.
The unseasonably warm September, combined with greater disposable income resulting from a low inflationary economy, as well as the positive impact of the Rugby World Cup provided a much needed boost to the fortunes of the UK’s bars and restaurants sector during the final weeks of the third quarter, reveals new data from business recovery specialists Begbies Traynor.
As the UK’s supermarket price war rages on, with Tesco and Sainsbury’s recently reporting further price cuts to stem the flow of falling sales, new research from business recovery specialists Begbies Traynor indicates that stability may finally be returning to the struggling UK grocery sector, as the industry shows the first tentative signs that it has adjusted to today’s new low margin environment.
As the UK’s largest supermarkets up their game in the race to win back customers from the German discounters, their means of slashing prices and delaying payments to suppliers means that the food retail industry has never been tougher for the UK’s smallest food suppliers, independent grocers and farmers, warns business recovery specialists Begbies Traynor.
Despite favourable market conditions for the construction sector, the number of Construction SMEs suffering ‘Significant’ financial distress continues to rise as traditional lenders tighten their purse strings, cutting more firms off from vital funding, warns business recovery specialists Begbies Traynor.
While most of the UK’s largest supermarkets are embarking on turnaround strategies in an attempt to claw their way back to financial health, their means of slashing prices and delaying payments is grinding many food suppliers and smaller high street grocers to the ground, warns business recovery specialists Begbies Traynor.
Our Media Centre
Read our latest news, expert opinion pieces and articles covering the the professional and financial sector.