Manchester-based Begbies Traynor predicts UK insolvency levels to remain elevated until 2025 due to higher interest rates and funding challenges.
Manchester-based restructuring firm Begbies Traynor predicts UK insolvency levels to remain "elevated" until at least 2025, citing higher interest rates and funding challenges in certain sectors. Despite reporting a 12% increase in group revenues to £136.7 million, the company anticipates insolvency activity to persist in the short term, particularly in sectors with working capital and funding challenges.
July 09, 2024
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