Turnaround Solutions

28/08/2026

The number of Welsh businesses in critical financial distress has increased.
According to the latest Red Flag Alert research from insolvency firm BTG (formerly known as Begbies Taylor Group) some 1,362 Welsh firms in the second quarter (Q2) of this year were deemed as being in a critical state, a rise of 2.4% on Q2 of 2025.
However, the rise in Wales was the lowest of any UK nation or region. For the UK as a whole there was an increase of 9% on the year.
Moreover, BTG said 16,264 businesses across Wales were classified as being in significant financial distress. This was down 5.5% year-on-year and 7.4% on Q1.

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24/06/2026

Eight consecutive roles since covid all specialising in pre and post insolvency business management. How to prepare - How to recover - skills the average manager may need once in a lifetime - so some tried and tested advice is very welcome. PM for a confidential discussion.

24/06/2026

Welsh Business ‘Critical’ Financial Distress Deepens Faster than UK Average
The number of Welsh businesses in "critical" financial distress increased year-on-year by more than half (+50.4%) to 1,847 in the first quarter of 2026 compared to the same period last year.

30/04/2026

UK Firms in ‘Critical Financial Stress’ Jump by a Third as Costs Rise, Report Finds

The number of UK businesses in “critical financial distress” has risen by more than a third over the past year, as companies contend with a “slew of increased taxes” and the impact of the Middle East conflict, The Guardian reported. Read More

20/04/2026

Company failures have jumped higher again in March due to a surge in firms collapsing into administration as experts warned more may go bust as the Iran war and soaring wage bills send costs surging.

Latest data from the Insolvency Service shows the number of company insolvencies rose 7 per cent month-on-month in March to 2,022.

Company administrations surged 52 per cent between February and March to 235, and were 82 per cent higher when compared with March 2025, while compulsory liquidations jumped 18 per cent.

Company voluntary arrangements (CVAs) doubled during the month to 20, the figures showed.

Fuel and energy costs have been jumping higher due to the Iran war, which has hit some sectors hard already, such as manufacturing.