By Jennifer Sieg Nearly half a million UK businesses have become ‘financially distressed,’ with tens of thousands facing the possibility of insolvency within the next 12 months, a new report from Begbies has claimed. The Begbies Traynor “Red Flag Alert” research shows a total of 554,554 UK businesses — within all major sectors — have entered what is considered “significant” financial distress within the past year, a 30 per cent surge since 2023. The number of those in “critical” financial distress has jumped 20 per cent, now with a total of 40,174, namely in the construction, real estate, fina…
