Insolvency specialists Begbies Traynor said the amount of companies going bust could keep rising all the way into 2024, but the growth will be steady rather than a sudden jump.
Profit grew to 6 million last year at the restructuring business last year, as more large firms used its services. Among the insolvencies handled by Begbies were Paperchase, Worcester Rugby Club and the operator of the Park Lane Casino.
According to the Insolvency Service, the number of companies declared insolvent in the year to 31 March was 22,983, up from 16,575.
But further profit growth could be on th…
Read the full article at: https://sg.news.yahoo.com/insolvency-specialist-begbies-traynor-sees-124225100.html