I think fear of no deal Brexit is what's presently driving the economy shrinking (though personally I'm hardly surprised, there is no immediate upside, and a lot of opportunity to lose trade for everyone).
The banks grabbing cash will become the norm - https://www.mkfm.com/news/local-news/confirmed-saxon-bridge-liquidation/
Sad end to a good business that overstretched themselves, I suspect there may be many more.
Keep debt manageable and build your business in a manner that can cope with good times and bad times (and never overspend in the good times, keep the profit for the bad times).