More Big Companies Set to Collapse in 2024, Industry Experts Warn

Insolvency experts predict a surge in business failures in 2024, citing the ‘double whammy’ of high borrowing costs and pressure on consumer budgets.
More Big Companies Set to Collapse in 2024, Industry Experts Warn
A general view of the exterior of the PwC London offices on March 31, 2021. Leon Neal/Getty Images
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More big firms are likely to go bust next year amid the “double whammy” of high borrowing costs and pressure on consumer budgets, according to insolvency experts.

Administrators and restructuring specialists also warned the PA news agency that high-growth companies such as tech firms could be among those facing financial turbulence.