Nearly half a million businesses in financial distress
1 November 2019: It has been reported that just under 500,000 UK businesses are facing significant financial distress – areas that have been impacted include property, construction and real estate.
The retail sector and the high streets have been severely affected in the past few years. The e-commerce retail division is now also feeling the pinch and more online retail businesses are seeing significant financial constraints.
As families are looking more closely at household expenditure, recreational spending is reducing, affecting sports and leisure clubs and the leisure and cultural businesses.
Whilst the country remains likely to face turbulence, BRI continues to support management of businesses in making the right decisions when faced with such financial difficulties.
If you or your clients require specialist help, please do not hesitate to contact one of BRI’s management team for the right advice first time, every time.