It is starting to become clear that 2024 will be the year of the bankruptcy. Consultancy Begbies Traynor reports that 47,000 firms are now on the “edge of collapse”. That is 25% more than the quarter before, and the figure has been rising rapidly for the last six months. Another 569,000 firms were found to be in “significant financial distress”, a 12% rise quarter-on-quarter. That was led by construction firms, followed
The year of the bankruptcy
Jan 26, 2024
2 minutes
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