The Citys top restructuring firms are preparing for an uptick in activity next year as higher interest rates push moribund businesses into insolvency.
FRP Advisory and Begbies Traynor have both forecast an uplift in revenue after Christmas as the recession picks up pace and executives are forced to address weaknesses in their company balance sheets.
The Aim-listed businesses have already benefited from an increase in business activity as the government support schemes wind down. They are expecting more appointments as companies are denied new funding and come under pressure from a downturn in the consumer economy.
FRP Advisory was called in to handle 78 company administrations in the six months to 31 October, a 39 per cent increase yea…
Read the full article at: https://www.thetimes.co.uk/article/restructuring-firms-brace-for-struggling-companies-632rjqvst