Number of UK businesses in 'critical' financial distress skyrockets
Over 47,000 UK firms were in 'critical' financial distress during the final quarter of 2023, compared to 37,772 during the previous three months, according to Begbies Traynor.
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Over 47,000 UK firms were in 'critical' financial distress during the final quarter of 2023, compared to 37,772 during the previous three months, according to Begbies Traynor.
The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Poolbeg Pharma PLC - London-based infectious disease...
Rick Traynor (pictured) said the debt-riddled firms will not survive as the Bank of England hikes rates to bring inflation back under control.
Among the companies with reports and trading updates today are JD Wetherspoon, Page Group, Grafton Group, Ten Entertainment and Loungers.
Revenues at the AIM-listed group are now set to expand by around 11 per cent to £122million for the year ending April, while adjusted pre-tax profits are predicted to increase by about 16 per cent.