Fewer companies are facing severe financial distress than they were a year ago, in a sign that the economic climate might be improving in the UK
According to the Begbies Traynor Red Flag Alert for Q1, there has a been a 34 per cent decline in companies rated as having “critical” financial difficulties. Across all sectors, the number of companies reduced from 5,000 in the first quarter of last year, to 3283 in Q1 2013.
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