UK is the spot for distress

The UK has consistently had the most distressed companies in western Europe over the past two years, according to a report by Close Brothers. <br /> The UK has had nearly a quarter of all distressed companies so far this year, compared with 14 per cent in Germany, 12 per cent in Italy and six per cent in France. The report, based on data from Debtwire, blames the UK&rsquo;s position as the leveraged buy-out capital over the past decade. It added that the European manufacturing sector has been the worst hit in recent years.