Retailers

43,000 retailers in ‘financial distress’

Nearly 43,000 retailers ended the first quarter of the year in a state of ‘significant’ financial distress, according to research from insolvency firm Begbies Traynor.

Its ‘Red Flag Alert’ research for Q1 2018, which monitors the financial health of UK companies, found the number of firms in the category was up 21 percent compared with the same period last year, when it stood at 35,555.

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