Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Begbies Traynor ( (GB:BEG) ) has issued an update.
The latest report from Begbies Traynor highlights a significant rise in the number of UK businesses in ‘critical’ financial distress, with a 50% increase in Q4 2024, affecting 46,853 companies. This surge, particularly in consumer-facing sectors, underscores a deteriorating economic outlook exacerbated by rising operational costs, higher wages, and recent tax hikes. The report predicts continued financial strain and potential insolvencies in 2025, painting a challenging picture for UK businesses facing compounding economic pressures.
More about Begbies Traynor
Begbies Traynor Group PLC operates within the professional services industry, offering business recovery, financial advisory, and property services. The company focuses on providing solutions to financially distressed businesses, with a notable emphasis on the UK market.
YTD Price Performance: -0.21%
Average Trading Volume: 496,104
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £150.9M
Learn more about BEG stock on TipRanks’ Stock Analysis page.
