The outlook for 2023 remains the same as last year. Insolvencies and the number of companies in our Warning Area (H-Score® less than 25) have continued to rise... 📈
The number of companies in the Warning Area, and therefore showing signs of significant distress, grew from 990,674 in December to 992,040 in January, a further increase of 1,366 companies.
That means a total of 21,756 companies have now moved into the Warning Area since the start of H2 2022 😟
It’s also worth remembering that many businesses have taken advantage of the Companies House filing extension. We expect to see a greater number of companies moving into our Warning Area due to their H-Score® moving as the accounts hit our database and algorithm over the coming weeks.
Stay on top of your risk management process this year. Speak to a member of the Company Watch team today 👇