Red Flag Alert Report - Q4 - Toxic Combination of Risks Afflict UK Businesses as Concern Over a Surge in Insolvencies Grows

Begbies Traynor Group plc (the 'company' or the 'group'), the business recovery, financial advisory and property services consultancy, announces its half year results for the six months ended 31 October 2022.

The latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for the past 15 years, reveals the financial strain continuing to be faced by thousands of British businesses.

The latest Begbies Traynor “Red Flag Alert” research, which has examined the financial health of British companies for the past 15 years, highlights the strain two years of extraordinary financial pressures have had on thousands of UK companies.

Begbies Traynor’s “Red Flag Alert”, which has monitored the financial health of British companies for the past 15 years, now paints a particularly worrying picture for UK businesses with increasing numbers falling victim to pressures which have been build

Begbies Traynor Group plc (the "group"), the business recovery, financial advisory and property services consultancy, today announces that it has completed the acquisition of Daniells Harrison Surveyors LLP ("Daniells Harrison").

The latest red flag research for Q3 2021 from Begbies Traynor, which monitors the financial health of UK businesses has recorded 562,550 businesses in ‘significant financial distress1’, with a 139% uplift in CCJs2 in the past year.

The latest Red Flag Alert research for Q2 2021 has recorded 650,000 businesses in ‘significant financial distress’ – the second highest distress level ever recorded by this research.

National professional services consultancy, Begbies Traynor Group has acquired leading finance broker, MAF Finance Group, previously known as Midlands Asset Finance, in a deal worth up to £11.75m.