More than 17,500 Welsh business found themselves in 'significant' financial distress during the third quarter of 2022, according to a new report.
The latest figures from Begbies Traynor's 'Red Flag Alert' - which monitors the financial health of British companies - found that Wales saw a 4% increase in the number of companies struggling between July and September 2022 to 17,527.
This was a 5% rise on the same periods in 2021. A third (5,166) of those ailing firms are in Cardiff and Swansea.
