Nick Hood was quoted in the Sunday Express newspaper on 6 March 2011 speaking about the Leisure Industry in the UK, which saw 466 companies run into potentially life-threatening financial problems in the three months to the end of February 2011 according to Begbies Traynor Red Flag Alert statistics –
150,000 Firms On the Brink – express.co.uk, Sunday 27 February 2011
APRIL will be the tipping point for up to 150,000 small and medium-sized businesses already on the brink of failure as government cuts, fuel duty increases and potential interest rate rises hit home, warns a leading insolvency expert.
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UK Economy: 150,000 Businesses On The Brink –express.co.uk, Sunday 27 February 2012
Commenting on the warning in figures for the last quarter of 2010, Nick Hood, of business advisory firm Begbies Traynor, said last night: “Small businesses are at risk of a double dip recession on the interest rate rise, so is every business affected by cost of fuel.”
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South-East Hardest Hit – Express.co.uk, Sunday 30 January 2011
The South-east has seen the biggest leap in the number of firms experiencing financial distress as the recovery stalls, according to insolvency firm Begbies Traynor.
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30,000 firms end 2010 in financial distress – www.building.co.uk, Friday 28 January 2011
More than 30,000 property and construction firms are experiencing critical financial problems, according to a report by business recovery specialist, Begbies Traynor.
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Spending cuts mean red flag raised above property – www.propertyweek.com, Tuesday 25 January 2011
Cuts in public spending have caused a surge in property companies in financial distress, recovery specialist Begbies Traynor said today.
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Red flag raised on 8,000 firms with significant financial problems – www.microscope.co.uk, Monday 24 January 2011
According to figures from Begbies Traynor just shy of 8,000 IT firms in Q4 are now on its red flag alert report which was a 27% increase on Q3 last year and 9% year-on-year.
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Milton Keynes in vanguard of recovery – but some cities feel the pinch – www.managementtoday.co.uk, Monday 24 January 2011
The latest insolvency predictions from Begbies Traynor are unlikely to cheer anyone up. The firm says insolvency rates are likely to rise again this year……
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Thousands of UK IT firms ‘in distress’ – www.channelweb.co.uk, Monday 24 January 2011
The number of IT firms in financial distress rocketed in the final quarter of 2010, according to figures released by business recovery specialist Begbies Traynor.
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Insolvencies ‘May Rise 10%’ In 2011
www.sky.com/skynews – Monday 24 January 2011
According to the latest ‘Red Flag Alert’ by insolvency specialist, Begbies Traynor, the number of UK firms with financial problems has risen year-on-year for the first time since the beginning of 2009.
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