Trade Credit Solutions Ltd

New research by Begbies Traynor has found that despite the Q3 improvement in the financial performance of businesses, the numbers of significantly distressed companies (562,000) is still 15% higher than pre-pandemic. In the past quarter, there has also been a 17% rise (to 1,668) in critically distressed businesses. Support Services (87,694), Construction (72,465) and Real Estate & Property (70,552) are the most distressed sectors. The research also notes that there has been a 139% uplift (to 21,769) in CCJs in the past year and cautions that CCJ’s are often a bellwether for future insolvency. Julie Palmer, Partner at Begbies Traynor, commented: “The UK economy — which remains one large recession short of its pre-COVID trajectory — is quickly recovering. However, it may prove to be transitory as rising CCJ figures are a cause for real concern.” To read Begbies Traynor’s news release go to

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