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Carolyn

Carolynn Best

Partner

0116 355 2427

Chris Cox

Chris Cox

Senior Insolvency Manager

01904 479 801

Claire Dowson

Claire Dowson

Insolvency Director

0114 275 5033

Clive Fortis

Clive Fortis

Director

01481 711 266

Charlene Carson

Charlene Heslop

Senior Manager

0191 269 9820

Chris Lawton

Chris Lawton

Partner

01772 202 000

Awaiting Image

Costa Pedhiou

Partner

0208 370 7250

Craig Povey

Craig Povey

Partner

0121 200 8150

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Over 600,000 UK firms face financial strain amidst challenging economic climate

The latest Begbies Traynor “Red Flag Alert” research, which has provided a snapshot of British corporate health for almost two decades, reveals a particularly worrying picture as the number of UK companies in ‘significant’ financial distress jumped by nearly 10% in Q2 2024 to 601,950 businesses (Q1 2024: 554,554).

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.

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.

What is a HMRC Time To Pay (TTP) Arrangement?

A Time To Pay arrangement is a way of spreading your company tax arrears over a longer period of time in a more affordable way. An agreement is reached between the business and HMRC in an attempt to provide some breathing space to the business and allow cash flow to improve.