Hundreds of businesses may fail before end of year, experts say

A long-awaited wave of corporate insolvencies is now materialising across the country and could wipe out hundreds of businesses over the coming months, experts have told the Business Post.

Corporate insolvency practitioners are bracing for a surge in business failures over the coming months as soaring energy costs, the withdrawal of government pandemic supports and rising inflation, coupled with higher interest rates and imminent debt repayments, force unviable firms out of business.

Several experts said ...