Firms still face ‘significant pressure’ despite slight decline in insolvencies June 18, 2024 Last year saw the highest number of company insolvencies since 1993, with 25,000 firms going under.
Debt headache as just a quarter of execs have experience of higher interest rates May 28, 2024 "For many of the people tasked with tackling higher interest costs, this is a new challenge," Nick Forest, a partner at the firm said.
Insolvency expert Manolete Partners reports revenue growth as higher interest rates bite April 18, 2024 Manolete Partners, the insolvency litigation financing company, overall revenue jumped by 26 per cent, as the business benefits from uplift of the temporary suppression of insolvencies.
SYK Recruitment Specialists among the 400+ recruitment agencies that went bust last year April 16, 2024 Insolvencies of UK recruitment agencies have increased by 14 per cent in the last year to 413, as the sector struggles with the slowdown in the hiring market across the country.
‘Death by a thousand cuts’: UK insolvencies soar 17 per cent and exceed pandemic levels March 15, 2024 The government agency said this was higher than levels seen during the pandemic "while the government support measures were in place", with things like the furlough scheme. It is also higher than pre-pandemic figures.
‘Fragile’ UK at risk from ‘another acceleration’ in business insolvencies, Allianz warns February 28, 2024 The insurer's global insolvency outlook estimated 15 per cent of small and medium-sized businesses in the UK are at risk of going bust, the highest proportion of "fragile firms" in Europe.