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Manolete Partners

UK insolvencies to rise by over a quarter this year

nsolvencies in the UK are set to jump 27 per cent this year as the fallout from the coronavirus continues, according to Atradius.

The credit insurer said that the growth in companies going bust will outpace the global figure (26 per cent), with the UK also seeing the largest GDP contraction in Northern Europe.

Turkey is expected to see the largest growth in insolvencies globally at 41 per cent, followed by the US and Hong Kong at 39 per cent.

Manolete Partners (LON:MANO) work alongside IPs from all of the “Big Four” through to one and two partner specialist insolvency and restructuring practices in the regions. Manolete finances the work of the Insolvency Practitioner and their lawyers to make optimal recoveries for the creditor estates and takes on all the risk.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.