A growing number of UK firms classed as in "critical financial distress" points to an incoming wave of business failures, new research suggests.
Begbies Traynor's Red Flag Alert report shows a 19% year-on-year increase in companies in the bracket - which means they've had county court judgements of more than £5,000 filed against them - in the first quarter of 2022.
CCJs data revealed 11,673 rulings in March - up 179% on the monthly average for the previous two years - and the highest level in a single month for five years.
