Almost 50,000 NW firms in ‘significant financial distress’
New research from Manchester-based insolvency experts Begbies Traynor reveals there are now almost 50,000 North West businesses in significant financial distress.
The Red Flag Alert data for the second quarter of 2019, which monitors the financial health of North West companies, found 46,919 businesses were experiencing significant distress at the end of June 2019 – a two per cent increase on the same time last year.
The average debt of companies has also doubled to £66,226 a year, from £29,872 in 2016.
There was also a w... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...