Swindon businesses amongst half a million across the UK in ‘Significant’ distress

Data released by the UK’s leading business recovery specialists Begbies Traynor has identified an increase of 44% for the 4th quarter of 2017 compared to the previous year. The trend was reflected in Swindon, where amongst the sectors faring worst were construction which saw an increase, Bars and Restaurants increased by 31%, Industrial Transportation and Logistics increased by 87% and Hotels and Accommodation increased by 50%.

Nationally, a hike of 36% of business are in ‘significant’ distress for the same period compared to the previous year.

They stated that it was economic pressures last year contributed to this considerable increase in distress, with the combination of rising inflation, stagnant real wage growth, a weak Pound, political uncertainty, November’s rise in interest rates, and the ever-tightening credit environment putting increasing financial stress on businesses across the country.

 

By |2018-02-02T16:10:45+01:00February 2nd, 2018|Uncategorized|3 Comments

3 Comments

  1. zvodret iluret November 5, 2018 at 3:19 pm - Reply

    Excellent site you have here but I was curious about if you knew of any user discussion forums that cover the same topics talked about in this article? I’d really like to be a part of community where I can get advice from other experienced people that share the same interest. If you have any suggestions, please let me know. Appreciate it!

    • Amelia Bishop January 29, 2019 at 6:10 pm - Reply

      Maybe we should begin a Brexit for business user group.

  2. Johna998 February 3, 2019 at 8:46 am - Reply

    Really enjoyed reading ur blog. gceeedkcaebd

Leave A Comment