Insolvency specialist Begbies Traynor is hiring more staff as thousands more companies fall into trouble.
The London-listed business said it had grown its headcount by 12pc over the past 12 months in response to continuing increase in demand for insolvency services.
Begbies has hired 50 more staff to work on insolvencies, taking the total headcount in the division to 620. The company now has more than 1,000 staff.
Ric Traynor, executive chairman of the group, said there has been an increase in insolvency numbers, reflecting the current interest rate and inflation environment.
Notable collapses Begbies has worked on since the start of the year include Paperchase, Worcester Warriors rugby club and Covid testin…
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