Number of Insolvent Restaurant Companies rising by the week
UK debt collections
OCTOBER 30, 2023
The total increased from 1,517 in 2021/22 to 2,214 in 2022/23, amid rising costs of servicing debt and the squeeze on consumer spending, according to advisory firm Mazars. Associate director Paul Maloney said people were still being hit by rate rises and inflation so were cutting back on spending such as dining out.
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