Thousands of Uk Firms Going Bust in Slowdown

Summary


THE big consumer slowdown has driven thousands of British companies to the brink of insolvency, a new report reveals today.

Figures from business rescue and restructuring specialists Begbies Traynor show 6946 companies ran into "critical" financial problems in the third quarter, a 20% increase on the same period last year.

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Extract


Thousands of Uk Firms Going Bust in Slowdown

These are firms who have petitions to wind up or striking-off notices filed against them, both of which may...

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