Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon:
“The number of registered company insolvencies fell 17% year-on-year in March, however the number of company insolvencies remains higher than those seen during the pandemic and between 2014 and 2019.
“Beyond the official data, we’re seeing an increase in activity across the restructuring spectrum, including more balance sheet restructurings, asset sales and a rising focus on working capital as companies look to reshape their businesses in response to a changing market. Distress is also now impacting mid-market and larger corporates, as well as smaller businesses.
“Refinancing is likely to be a key hurdle for many businesses this…
