The number of UK retailers facing ‘critical’ financial distress has risen by over 25 per cent quarter on quarter in Q4 2024, a Begbies Traynor report found.
As businesses faced subdued consumer confidence, escalating costs and challenging trading conditions following the Autumn Budget, 2,124 retailers were in critical financial distress in the first 11 weeks of the October-December period in 2024.
As businesses faced subdued consumer confidence, escalating costs and challenging trading conditions following the Autumn Budget, 2,124 retailers were in critical financial distress in the first 11 weeks of the October-December period in 2024.
