UK economy braced for record quarterly economic contraction with more pain to come

Posted On: 6th August 2020
UK economy braced for record quarterly economic contraction with more pain to come

The UK economy is braced for a record double-digit contraction in economic activity for the second quarter, with the economy expected to be worse affected than many of its European neighbours and possibly even the US. A subtle combination of Britain’s distinct economic structure and cultural factors account for the UK’s relative economic weakness. For example, the size of the UK’s consumer-facing sectors, such as hospitality, leisure and retail sectors, represent a relatively high proportion of the overall UK economy, compared with other nations.

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Posted By: Mark Fry

Posted On: 6th August 2020

Mark is the National Head of Advisory and Restructuring, based in our London office, and has specialised in business rescue and restructuring for over 25 years. Mark has played a key role in developing the firm’s domestic and international advisory offering which is now a key part of the business. Advisory services include business reviews, debt advisory, financial and commercial due diligence (including acquisition, vendor, pre deal review and completion assistance), business valuation, Mergers and Acquisition advice, litigation support, solvent reconstructions, optimised exit planning, financial restructuring, performance improvement advice, strategic planning and implementation support.

Mark has been involved in a number of high profile cases including the successful restructure and sale of a Championship football club, appointed to the Landlord Restructuring Committee of the UK’s largest care home provider, as well as working with private equity houses on reorganisations, operational and financial restructuring, valuation and optimised exit of portfolio investments.

He has also been actively involved in property for many years, dealing with both commercial and residential developments, in the UK and abroad. He currently holds directorship’s of domestic and foreign property companies.