The number of companies in ‘critical’ financial distress today showed a big jump as higher interest rates take their toll on the UK economy.
The Begbies Traynor Red Flag Alert report said the 26% increase on the previous quarter showed a “perfect storm impacting every corner of the economy”.
In today’s City trading updates, Sir Martin Sorrell’s S4 Capital said it expects client caution on marketing spend will likely persist during 2024.
