The latest red flag research by Begbies Traynor recorded that 562,550 businesses were in ‘significant financial distress’ in the third quarter 2021 (Q3) The figures show that the numbers have fallen 14% since Q2 however, the numbers are still 15% higher than before the pandemic with Q3 2019 reporting the figure as 488,934. There has…
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Insolvency and restructuring trade body R3 is urging directors of Covid-hit businesses to use the final month of the government’s furlough scheme to plan for the future and address any financial issues they face. The furlough scheme ends on 30 September, and employers have until 14 October to claim wages for staff who have…
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It’s always a shock to see a seemingly successful company go under, but this doesn’t just happen out of the blue. There are always warning signs, and the survival of your business relies on you being able to recognise them. The sooner you can spot financial trouble, the sooner you can start working on a…
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