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The FT notes that a study by Begbies Traynor,....>

UK
UK: The FT notes that a study by Begbies Traynor, the insolvency firm, found
that more than half a million companies were in "significant distress". The
analysis was based on county court judgments ordering companies to pay their
debts. The impact of coronavirus has caused the largest quarterly rise since the
end of 2017, with 15,000 more businesses classified as being in "significant
distress" compared to the previous three months. The survey also showed a 10 per
cent rise in the number of "critically distressed" companies.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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