Begbies Traynor Group

Business Health Statistics

Struggling Retail sector faces quarterly rent payment crunch day

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Begbies Traynors Red Flag Alert reveals September worst month yet for UK businesses

More than twice as many companies experiencing ‘critical problems’ since the start of 2008 UK business feeling effects of ongoing economic turmoil IT, manufacturing, rental services and property services sectors showing highest increases .

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Begbies Traynor Red Flag Alert Statistics Signal Tough Times Ahead

The survey monitors the numbers of companies experiencing difficulties in two categories: “Significant Problems” * and “Critical Problems” **. Of those companies experiencing the more serious “Critical Problems”, Red Flag’s research shows that approximately 15% will enter into a formal insolvency procedure within 12 months. www.redflagalert.com

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Conditions have continued to worsen during the last three months in the Retail sector

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High Levels Of Financial Stress Comes As No Surprise In A Society Living On Credit

Research from credit reference agency Experian indicates that around three out of 10 people in Glasgow and Manchester experience high levels of financial stress. Other high stress locations include Nottingham, Middlesbrough, Hull and Liverpool.

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News
70 jobs saved at Module-AR
The business and assets of a company, specialising in modular building construction, have been acquired out of administration, safeguarding more than 70 jobs.
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Case Studies
Haulage company in financial difficulty
The business was a group of haulage companies with an annual turnover of approximately £20 million and with approximately 150 employees. The core business was time critical delivery of weekly and monthly periodicals.
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Events
2023 – The covid financing hangover
This webinar has been planned and delivered in conjunction with one or more of our valued third-party partners. All such webinars are subject to our quality control procedures to ensure relevant learning objectives are set and met, alongside any product demonstration. A member of the 20:20 Innovation team will be joining the presentation, ensuring a lively and relevant dialogue.
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Articles
What is Business Asset Disposal (Entrepreneurs’ Relief) in an MVL?
Entrepreneurs’ Relief is a tax relief scheme which allows for a reduced rate of Capital Gains Tax (CGT) to be paid upon the disposal of a limited company.
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