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UK Property

More property industry firms in ‘financial distress’ reveals report

There has been a surge in the number of property industry firms reporting ‘critical’ financial distress, the UK’s leading corporate rescue firm has revealed. Begbies Traynor says there was a 12% rise in the number of companies significantly struggling within the real estate and property management sector. The figures is within the firm’s ‘Red Flag Alert’ report which provides a regular quarterly snapshot of the nation’s corporate health, saying increasing numbers of businesses across many sectors including estate agency are struggling as the economy heads towards major tariff and tax...