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Sunday, October 25, 2026Updated 14:22 UTC

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Bust companies revived in ‘phoenix’ deals more likely to fail again, study finds

Source: Guardian World · Oct 25, 2026 09:00 UTC

Black-and-white close-up of chemistry lab glassware by a window — File photo euthman / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Exclusive: research for the Guardian shows ‘pre-pack’ deals with former management also pay far less to creditors The boss whose twice-bust business appears to be back Insolvent 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 ra

Read the full story at Guardian World

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