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.
While much attention is given to the challenges facing the private sector, those operating within the public sector are not immune to the effects of an uncertain and challenging economy.
The automotive industry encompasses a range of businesses, from small component suppliers, original equipment manufacturers (OEMs), through to vehicle manufacturers and dealerships.
Running a charity presents a unique challenge in the business world. While charitable enterprises play a pivotal role in supporting and improving the lives of many, they are also a major employer, with an estimated 900,000 working within the sector.
The initial government support schemes for businesses impacted by Covid-19 have now come to a close, leaving construction firms facing considerable cash flow pressures and a threat of looming insolvency.
Regardless of whether you are operating a nursery, a university, or anything in between, the challenges inherent in running an education establishment have never been greater.
While the vast majority of companies only have to consider shareholder value, those within healthcare have a multitude of other considerations.
The leisure and hospitality industry contributes billions to the UK economy every year, employing 10% of the country’s workforce.
Manufacturers are struggling to maintain financial stability and deal effectively with a transforming operating environment, with many facing a decline towards insolvency and potential liquidation.
Obtaining sector-specific advice during times of operational and financial distress.
The property and real estate sector has experienced unprecedented operational and financial challenges due to coronavirus, and also following the paradigm shift in the way people live and work.
Consumers are the ones who will shape the future of the industry, and retailers need to be agile enough to ensure they meeting these ever-changing expectations.
As the UK’s leading professional insolvency provider to sports clubs across the country, we are experienced in supporting sporting organisations at all leagues and divisions, including grassroots and semi-professional.
A turbulent 2020 has given way to continued economic uncertainty in 2021, leaving the technology and media sector facing significant challenges to their financial wellbeing and future solvency.
Tourism is estimated to contribute £106 billion to the British economy each and every year, supporting 2.6 million jobs in the process.
The industry was already facing the challenges posed by Brexit, particularly for those involved in importing and exporting products, coupled with the rising cost of fuel.
