Finance

Property companies hit hardest in Q4 2018

By 2019-01-30T08:38:00

Empty property

The number of companies in significant financial distress in the UK property industry increased faster than in any other sector in the fourth quarter with almost 47,000 companies now in difficulty, according to a new report.

The latest Red Flag Alert research from insolvency group Begbies Traynor revealed the real estate and property sector not only saw a 7% quarterly increase in the number of companies in significant distress in the fourth quarter of 2018, but a 9% year on year increase, equating to 4,013 extra businesses.

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