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Financial distress deepens but administrations decline

The number of UK businesses now in significant financial distress has jumped by 13%, but administrations last year fell to historic lows as government support measures offered a pandemic lifeline for many companies.

Financial distress deepens but administrations decline
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  • Shared by Accountancy Daily
  • January 22, 2021
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Begbies Traynor’s red flag alert research has recorded 630,000 businesses in 'significant distress' after the largest numerical quarterly leap (73,000) in financially distressed companies since Q2 2017. This 13% increase (from 557,000 in Q3 2020) comes as the UK is plunged into another nationwide lockdown.

Read more at Accountancy Daily.

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