Company insolvencies are on the rise in Britain , and analysts are expecting two U.K.-based consultancies to be major beneficiaries. Begbies Traynor , the largest corporate insolvency practitioner in the U.K. with its 13% market share, and FRP Advisory , the second largest, are both seeing increasing demand for their services as rising interest rates, high inflation and supply chain problems exert pressure on companies.
"The group's five-year track record demonstrates its ability to perform throughout the cycle, while, looking ahead, rising UK insolvencies against a progressively challenged macroeconomic backdrop should act as a clear growth tailwind," said James Bayliss, equity analyst at investment bank Berenberg.
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