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Company insolvencies are running at a 30-year high in the UK, signalling a busy year ahead for corporate restructuring and bankruptcy specialists.
More than 25,000 companies in Britain registered as insolvent in 2023, a 14 per cent increase on 2022, according to the UK’s Insolvency Service.
Corporate distress experts say demand for their services is increasing as businesses battle the effects of inflation, higher interest rates and a tight labour market.
“When you’re talking around town, all the professionals, lawyers and people in restructuring are saying they are busier,” says David Fleming UK head of…
