Rockville, Jan. 31, 2023 (GLOBE NEWSWIRE) — The global corporate insolvency services market is estimated atUS$ 12.1 billionin 2022, with a projected market valuation ofUS$ 20.5 billionfor 2032. Market growth is primarily driven by the rising incidence of corporate bankruptcy and growing enterprises’ inability to pay creditors. Due to the COVID pandemic, many small and…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in…
The number of companies going bust in the UK has reached its highest level since the financial crisis in 2009 as soaring inflation costs, rising interest rates and the stalling economy have hit businesses, new data show. Christina Fitzgerald, president of R3, the insolvency and restructuring trade body, warned that 2022 was the year the…
The number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in 2022 leapt by 57% to 22,109 from the previous year, new data from the Insolvency Service revealed. Experts said the rise was partly driven by the end…
More than five restaurant businesses a day went bust across England, Wales and Scotland in the last year as insolvencies reached their highest level in more than a decade. Data from accountancy firm Price Bailey showed a 65% increase in restaurant insolvencies, with 1,880 businesses declared insolvent in 2022, compared to 1,139 the previous year.…
T he number of companies falling into insolvency in England and Wales last year surged to its highest since 2009, according to Government figures. Total company insolvencies registered in 2022 leapt by 57% to 22,109 from the previous year, new data from the Insolvency Service revealed. Experts said the rise was partly driven by the…
Business insolvencies jumped 30% to a 13-year high in 2022 as government support programmes that offered companies protection from their creditors during the pandemic came to an end. Soaring costs and weakening consumer demand in the second half of last year also combined to force many firms into liquidation, said analysts who predicted the situation…
Lostock Sustainable Energy Plant Ltd (LSEP Ltd) has appointed global engineering, procurement, consulting and construction Company Black & Veatch as the engineering, procurement and construction management (EPCM) contractor to support LSEP in delivering its Energy from Waste facility at the Lostock Works site near Northwich. Clean energy technology specialist, Babcock & Wilcox, has also been…
Following theQ4 2022 company insolvency datapublished this morning, which showed company insolvencies were 30% higher than in Q4 2021, brokers and financial experts have commented: Mark Grant of Gloucester-based business finance broker,The Business Finance Branch:Its brutal out there right now.In the fourth quarter of2022 and into 2023, we have seenan increase in businesses fearing that…
This being the last full budget to be presented by this Government before the general elections in 2024, there are number of political, economic, and social factors at work that may have an impact on the Union Budget 2023-24. This budget also comes at a time when the global economy is witnessing a slowdown and…