Wayne Beck Comments on Quarterly Insolvency Statistics in Construction News

In the Construction News article “Inland’s Demise Dominates October Business Failures,” London partner Wayne Beck comments on recently released quarterly insolvency data.

The report showed a 46% increase in businesses on the brink of bankruptcy from Q2 of 2023. According to Beck, this is “stark proof of the effect that the current economic climate is having on UK businesses.”

He added, “Now more than ever, companies should consider restructuring options to free up cashflow and ensure the best chances of weathering a turbulent economic climate.”