UK companies more distressed than European rivals, Moody s finds
UK has the highest number of distressed companies in Europe, according to data from Moody’s.
The number of distressed companies in the EMEA region remains close to record highs, with the UK surpassing any other country, as the coronavirus fallout continues to weigh on economic recovery.
Distressed companies, defined by Moody’s as companies with a B3 negative rating or lower, fell to 113 in December which was only slightly lower than the all-time high of 130 in June last year.
The UK had the highest number of distressed companies, with 28 bearing a B3 negative rating or lower, while Germany showed the most volatility.
The White Hart, in Weston-in-Gordano.
- Credit: Savills
A popular village pub and former wedding and events venue is up for sale.
Estate agents Savills has been instructed by Tavern Propco Ltd to market The White Hart, in Weston-in-Gordano, this week.
The White Hart in Weston-in-Gordano.
- Credit: The White Hart
The pub is available on a new free of tie lease with freehold offers also considered.
The news comes after managers of the pub, husband-and-wife team Mike and Christine Yeatman, called time on running The White Hart in October.
Mike and Christine Yeatman.
- Credit: The White Hart
The couple took over the derelict eatery, in Clevedon Road, in 2015 and invested £500,000 to transform it into a thriving business with a turnover of more than £1million.