Insolvency experts are reportedly gloomy about what 2024 will bring big companies.
These firms will face continued high borrowing costs and reduced consumer spending, with tech companies among those facing financial upheaval, the Press Association reported Sunday (Dec. 31), citing interviews with industry experts.
The report cited figures from the U.K.-based Insolvency Service which showed the total of company failures over the first 11 months of last year was more than reported during all of 2022.
We are expecting next year to be a big year for insolvency, Rob Hornby, partner and managing director of AlixPartners, told the news outlet. That is likely to be across the board, both in terms of geographies and sectors. I personally think w…
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