Restructuring and consulting firm Interpath Advisory has suffered its second consecutive annual loss. Rising interest rates have pushed more firms into financial distress, but Interpath has not seen that drive an avalanche of activity, according to its leaders.
Even as rate hikes squeeze company finances, many companies which might consider restructuring are somehow avoiding it. The number of zombie companies those unable to meet interest obligations with operating profit for three years running has risen by 5% in the last year, according to recent research by Kearney.
This may be impacting firms like Interpath Advisory, whose bread and butter is helping companies to restructure their finances. To that end, CEO Blair Nimmo told the Fi…
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