More than 1,700 Stoke-on-Trent businesses found themselves in 'significant' financial distress during the first quarter of 2022, a new report has found.
The latest Begbies Traynor Red Flag Alert data, which monitors the health of British companies, found that 1,704 businesses in the city reported being in financial distress between January and March.
The figure represents a one per cent decrease in the number of businesses struggling in the previous three months, and is also a 22 per cent year-on-year fall on the same period in 2021.
