London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

UK Insolvency: views from RBS and Lloyds

SMEs have not yet got through to the economic upturn seen by the UK economy as a whole and when they do there will an increase in insolvency rates. Despite interest rates being expected to remain low for at least the next couple of years, bank deleveraging (disposing of weaker assets to meet capital adequacy requirements) will drive distressed businesses into deeper waters.


This is an amalgam of a recovery banker's (Derek Sach, Head of Global Restructuring Group, RBS) and an economist's (Trevor Williams, Chief Economist, Lloyds Commercial Banking) observations at Euromoney's Distressed Debt Forum.


This will be a slow recovery and stakeholders will want to avoid the value hit of a precipitate insolvency process. Conversely, distressed businesses need to address their problems and this may require a constructive insolvency process. Examples of the Mercer & Hole approach are at



Date: 12th November, 2013
Author: Chris Laughton


Articles from this Author

Contact a Partner


Become an #ACA #Chartered #Accountant with @mercerhole - find out more here:

Spring Statement 2018 – VAT initiatives Richard Collier's latest blog post #VAT #SpringStatement



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn