The website RealBusinessRescue.co.uk, which was set up by Begbies Traynor to advise business leaders in financial distress, also discovered that the number of start-up travel and tourism firms (established after 2017) in significant distress had increased by 23% in the last quarter due to the pandemic.
Shaun Barton, national online business operations director at Real Business Rescue, said: “The travel and tourism sector continues to be hit hard due to the drop-off in consumer demand and restrictive lockdowns that remain in place.
“We have a seen a 76% increase since March 2020 and another significant leap in the last quarter of 2020.
