Construction and real estate are among the hardest hit sectors, researchers say The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a “debt storm” triggered by a series of interest rate hikes, a report from a group of insolvency specialists revealed on Monday. The latest ‘Red Flag Alert’ released by Begbies Traynor Group found that 47,477 firms in Britain were in “critical” financial distress in the final quarter of last year, as more companies struggled with inflation and borrowing costs. The figure was a 26% increase compared to the 37,772 firm
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