Tens of thousands of companies in the South West were in “significant” financial distress in the final quarter of 2021, new data reveals.
Some 41,372 firms across the region were in difficulty - up 4% on the previous quarter of the year - according to research by corporate recovery firm Begbies Traynor.
The Red Flag Alert report, which monitors the financial health of British companies, found the sectors in most distress were hotels and accommodation (up 8%) and travel and tourism (up 9%).
