UK Firms in Distress Rises 9% Led By Consumer-Facing Sectors

The UK has seen a 9% increase in firms facing severe financial distress over the past year, particularly affecting consumer-facing sectors, as revealed by BTG's latest research. This rise underscores the economic challenges these businesses are grappling with, likely influenced by factors such as inflation and supply chain disruptions. Such trends are significant as they can lead to job losses and reduced consumer spending, impacting the broader economy. For a more detailed analysis, it's worth checking out the full report from BTG.