Begbies Traynor boosts staff levels as it warns of growing insolvencies

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A rise in the number of companies going bust in the UK proved good news for insolvency expert Begbies Traynor in recent months as it started hiring more staff to keep on top of what it thinks will be a growing trend. Begbies said it now anticipates “continued increase in insolvency activity” and has expanded its team to deal with the new business. “We anticipate that activity levels in our largest service line of insolvency will continue to increase in tandem with the indicators of corporate financial stress in the UK, resulting from the current interest rate and inflation environment,” it said in an update to shareholders on Monday. “As a result of the continuing increase in demand we have continued to invest in growing our team … ensuring we retain the headroom to handle a further increase in activity levels,” Begbies said.