The number of UK manufacturers adjudged to be experiencing financial turmoil rose from 5857 to 6111 last quarter, although the number of firms with ‘critical’ problems was down, according to insolvency experts Begbies Traynor.
Begbies Traynor’s Red Flag Alert monitors UK companies’ financial distress across all sectors. It rates firms with a court action or ‘average, poor, very poor, insolvent or out of date’ accounts as having ‘significant problems’. Companies with ‘critical problems’ are those with County Court Judgements totalling £5,000 or more or those who have been issued…
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