Bust companies revived in ‘phoenix’ deals more likely to fail again, study finds
Exclusive: research for the Guardian shows ‘pre-pack’ deals with former management also pay far less to creditorsThe boss whose twice-bust business appears to be backInsolvent businesses reacquired by their previous management in “pre-pack” administrations are much more likely to fail again and tend to repay far less to creditors, research for the Guardian suggests.The study is the latest to raise…
Exclusive: research for the Guardian shows ‘pre-pack’ deals with former management also pay far less to creditorsThe boss whose twice-bust business appears to be backInsolvent businesses reacquired by their previous management in “pre-pack” administrations are much more likely to fail again and tend to repay far less to creditors, research for the Guardian suggests.The study is the latest to raise…
