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Retail insolvencies surge as over 70,000 businesses show signs of financial distress - Cambridgeshire Chambers of Commerce
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Retail insolvencies surge as over 70,000 businesses show signs of financial distress - Cambridgeshire Chambers of Commerce
According to research by Cambridge based accountancy firm Price Bailey, 72,625 UK retail businesses are now technically insolvent. Over half of these are in the Maximum Delphie Risk category, up 14% year-on-year. The UK retail sector is facing mounting insolvencies, with 72,625 businesses (15% of the total retail population) now technically insolvent, with negative net assets on their balance sheets, according to analysis by Price Bailey, a Top …
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