Despite signs of economic stability, the UK continues to see rising corporate distress, with distressed businesses up 10% this year—60% since 2017.
The Institute for Turnaround's report reveals that independent members have generated £3.1 billion in added shareholder value and safeguarded 56,000 jobs, reflecting significant positive impacts despite challenges.
Key challenges for distressed firms include high debt levels and working capital issues. Many IFT members predict ongoing increases in company failures due to this tough environment.
Cultural resistance remains a significant barrier to seeking support for distressed businesses, with 81% of IFT members identifying it as the main reason for organizations not engaging outside help.
#corporate-distress #economic-stability #turnaround-expertise #job-safeguarding #business-transformation
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