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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

More than 47,000 UK businesses on ‘brink of collapse’, warn insolvency experts

United Kingdom Begbies Traynor Julie Palmer
a man peruses goods on offer at Wilko in its closing down sale
The Wilko chain went into administration in September 2023. Photograph: Matthew Horwood/Getty Images

More than 47,000 UK companies are on the brink of collapse after a 25% jump in the number of businesses facing “critical” financial distress in the final three months of 2023, according to a report.

It marks the second consecutive quarter-on-quarter period when critical financial distress has risen by a 25%, the latest “Red Flag” report by insolvency specialists Begbies Traynor found.

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