UK Restructuring: Year in Retrospect 2025

Robert Russell of DLA Piper reviews how 2025’s mix of geopolitical shocks, inflationary pressure, high interest rates, and shifting consumer behaviour reshaped the UK restructuring landscape, driving continued distress in consumer-facing and real estate sectors, a growing reliance on CVAs, pre-pack administrations, and sponsor-led liability management exercises, and a more selective use of restructuring plans as courts clarified creditor conduct and deal mechanics.