Insolvencies and restructuring could rise further over the start of 2025 as firms face more increased cost pressures, industry experts have warned.
Restructuring bosses have cautioned that impending cost rises linked to the autumn Budget could particularly weigh on the retail, hospitality and care sectors.
It comes after official figures pointed towards an uptick in insolvencies at the end of this year.
Company insolvencies lifted by 13% in November compared with the previous month, although they were lower year-on-year, according to the Office for National Statistics.
DIY and garden retailer Homebase was among firms to collapse into administration in November.
Insolvency…
