EconomyBust companies revived in ‘phoenix’ deals more likely to fail again, study finds
Research commissioned by the Guardian found that insolvent companies bought back by former management through pre-pack administrations were more likely to fail again and repaid creditors less. Among businesses acquired by connected parties, 44% had entered insolvency again by July 2026, compared with 26% bought by unconnected parties.
TThe Guardian★★☆☆☆2026-10-25 09:00Original
Bust companies revived in ‘phoenix’ deals more likely to fail again, study finds
Economy