Construction leads way in ‘distressed’ businesses, research finds

By Dave Rogers2020-01-27T13:04:00

Begbies Traynor says pre-election slowdown and Brexit hit sector hard in last three months of 2019

An insolvency specialist has said construction and property accounted for the steepest rise in financially distressed firms for the last quarter of 2019.

Begbies Traynor‘s Red Flag Alert, which it has been producing since 2004, said there was a 13% increase in the number of firms in significant financial distress between Q4 2018 and the same period last year.

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