Thousands of Bristol companies found themselves in "significant financial distress" in the first quarter of the year, new data reveals.
Nearly 7,000 firms in the city were found to be struggling between January and March - a lower figure than at the same time in 2021 - latest research from corporate restructuring specialist Begbies Traynor shows.
The company's Red Flag Alert report, which monitors the financial health of British companies, found there was a 20% year-on-year fall on the same period in 2021. The number of businesses in financial difficulty also dropped 3% between Q4 of 2021 and Q1 of 2022.
