FRP Advisory has told shareholders to expect more restructuring in the coming months after the number of company collapses reached its highest level since the financial crisis.
The City restructuring specialist said inflationary pressures on companies and the increased cost of borrowing had led to a rise in enquiries for its restructuring teams.
Last year, corporate insolvencies hit their highest level since 2009. The total number jumped by 57% to 22,109 last year, according to the Insolvency Service.
