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23rd September 2020

Data shows knock-on effect of domino debt

The business failures in key sectors since the UK locked down in March has created a domino effect of debt amounting to nearly £800m of invoices outstanding within their supply chain at the point of administration, according to corporate distress data analysts Red Flag Alert. 

With an average individual debt of £28,501, the research found there are a further 227 businesses across the bars and restaurants, construction, retail, logistics and real estate sectors, which are at very high risk of failure.  

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