From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.
We recently saw the chaos this can cause when English utility Thames Water nearly collapsed under the weight of its debt and had to seek emergency funding from its shareholders earlier this year.
