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Begbies Traynor Red Flag Alert Statistics Signal Tough Times Ahead

The survey monitors the numbers of companies experiencing difficulties in two categories: “Significant Problems” * and “Critical Problems” **. Of those companies experiencing the more serious “Critical Problems”, Red Flag’s research shows that approximately 15% will enter into a formal insolvency procedure within 12 months. www.redflagalert.com

Conditions have continued to worsen during the last three months in the Retail sector

High Levels Of Financial Stress Comes As No Surprise In A Society Living On Credit

Research from credit reference agency Experian indicates that around three out of 10 people in Glasgow and Manchester experience high levels of financial stress. Other high stress locations include Nottingham, Middlesbrough, Hull and Liverpool.