Insolvency specialist says numbers are 24% higher than the same period last year
Almost 40,000 retailers in the UK were in “significant financial distress” even before the introduction of tighter restrictions over the weekend forced non-essential shops to shut.
Research by the insolvency specialist Begbies Traynor found that 39,232 retailers – both online and bricks and mortar operations – were experiencing severe financial problems in the three months to 9 December. This was up 11% on the previous three months and 24% higher than the same period a year earlier.
