Dozens of business are at risk of collapse, as inflation spirals and Covid loan repayments are due, a report has warned.
Construction and hospitality are the sectors struggling most, according to insolvency firm Begbies Traynor, which is calling for the government’s repayments schedule to be extended.
In the first three months of this year there was a 19% rise in businesses in critical financial distress compared to the start of 2021, the report by Begbies Traynor said.
