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30 January 20231 minute read

UK Restructuring - Year in Retrospect

It would be fair to say that 2022 was not an easy year. We started out hopeful, as lockdowns began to ease and restrictions became a memory, but there was no return to normality.

The conflict in Ukraine sent shockwaves around the world, wreaking havoc through global supply chains, contributing in turn to increased energy and food costs, driving inflation and increased interest rates in the UK. A “cost of living crisis” curtailed consumer sentiment, and a series of economic own-goals by the UK government have pushed the UK market closer to recession. Collins Dictionary captured public opinion by naming “permacrisis” the 2022 word of the year.

At a time of unprecedented economic disruption, the Restructuring market is arguably more interesting and diverse than ever and the increasing demand for quality Restructuring advice continues to drive our team’s growth and aspirations. Our team is proud of the work we do (whether locally, nationally or internationally) and the impact we make for our clients.

Read our Year in Retrospect for an insight into some of our key mandates, as well as news from our UK team, including team changes and successes.