Survey reveals more Southampton firms ‘at risk’ of failure (From Hampshire Chronicle)
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Survey reveals more Southampton firms ‘at risk’ of failure
9:49am Monday 22nd October 2012 in Hampshire Business
Southampton companies are less secure than last year, according to a leading business survey.
There has been a 29 per cent rise in businesses with critical issues in Southampton between the second and third quarters of this year, according to Begbies Traynor’s Red Flag Alert.
In the wider south-east, 31 per cent fewer firms faced critical issues between July and September 2012 than at the same time in 2011, while the national figures showed a fall of 22 per cent.
Antony Fanshawe, partner at Begbies Traynor’s Southampton office, said: “The statistics in the south- east reflect what I believe is a more stable economic environment for businesses.
“In Southampton the rise has not come in one specific sector, but we have seen small increases across a broad range of businesses.
“Despite the rise in businesses at risk in Southampton the regional and national picture is encouraging as businesses across the UK are more stable.”
