Rising company insolvencies have provided a boost to one corporate restructuring specialist.
Begbies Traynor reported half-year turnover expanded by 13% to 65.9m in the six months ending October while adjusted earnings grew by 0.9m to 12.8m, Mail Online reported.
Interest rate hikes, subdued consumer spending and an absence of pandemic-era government support programmes have forced more British firms into bankruptcy.
Corporate insolvency volumes across England and Wales grew by about 17% to 24,326 in the year to September, according to the Insolvency Service.
The upsurge was primarily driven by small businesses falling into liquidation, but there was also an rise in administrations involving larger companies.
Begbies expects insolvency a…
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