Surge in companies facing collapse as Government chases down Covid debts

Begbies Traynor warned that the Government and HMRC are chasing down Covid debts that could cripple small businesses forced to repay loans, with the firm’s “red flag alert” report revealing a 36% increase in the number of companies rated as being in “critical financial distress” in the last three months of 2022, compared with the same period a year ago. More from the Denbighshire Free Press.