Expert signals end to ‘corporate wonderland’ for failing firms

Graham Kenny, a partner at Eversheds-Sutherland, warns of a wave of insolvencies as state supports and creditor forbearance evaporate

Corporate insolvencies and restructurings have begun to pick up recently. Picture: Getty

An “artificial corporate wonderland” which has kept unviable firms alive following the pandemic is coming to an end, and businesses will soon fail in greater numbers, a leading restructuring expert has warned.

The number of corporate insolvencies and restructurings has begun to pick up in recent months following a period of exceptionally low business failures resulting from the extensive state supports provided to companies during the pandemic.

Graham Kenny, a partner at Eversheds-Sutherland, said corporate ...