Companies seek out restructuring advisers when they can no longer operate in a ‘business as usual’ fashion. And for many companies, business has not been ‘usual’ for a very long time.
Enquiries in 2024, particularly amongst UK SMEs, are at levels close to what we at Resolve last saw during the 2008 financial crash, as a perfect storm of high interest rates, high inflation and subdued consumer demand have impacted the small business community, which accounts for approximately a quarter of the UK’s GDP.
