Report Code: A06702 | Pages: NA | Mar 2023 | 5336 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Business Liquidation Services Market
Request Now !Business liquidation services have experienced significant growth in past, and is expected to maintain its dominance during the forecast period. Business liquidation is the process of discontinuing a company by selling its assets and distributing the receivables based on priority & preference among creditors and shareholders in the market. The process of business liquidation includes appointment of a liquidator, approval of allegations, valuation of business properties, sale of assets, and allocation to selected claimants. In this case limited partners are subject to liquidation and once liquidation phase is completed, a troubled company no longer operates.Â
Rise in firm’s inabilities to pay creditors, increased bankruptcy, and companies that are facing loss are drive the business liquidation services growth. However, factors such as government regulations and rise in competition limit rise the growth of market in the market. On the contrary, rise in bankruptcies, growth in troubled businesses, and legal proceedings in business liquidation are some of the factors expected to provide lucrative opportunities in the upcoming years.Â
The global business liquidation services market trends are as follows:
Technology has changed the way stressed businesses liquidate their assets through online and digital platforms. Key players such as RepoMax and Strategic Auction Alliance liquidated their stressed properties of businesses via online portals in the form of auctions such as e-bay, Mercado Libre, Inc., and Ricardo. These interactive transactions promote electronic practices in different geographies and help in bringing flexibility toward business liquidation services between buyers and sellers globally. Â Moreover, liquidating companies have embraced electronic liquidation techniques for quicker selling at an effective price, especially among retailers and other liquidation of physical properties in the business liquidation services market.
In reaction to COVID-19, the UK Government adopted regulatory changes to current insolvency laws. These new initiatives aim at enabling businesses undertaking a rescue or bankruptcy phase to continue and escape insolvency in businesses. Furthermore, in country like India, the Insolvency and Bankruptcy Code (IBC) regulation has been in effect since 2016. With the help of IBC, several applicants for fresh business liquidation were rescued and restructured in the country. In addition, it is estimated that 20% of the companies have been liquidated under this regulation, with taking necessary steps to rescue stressed businesses and safeguard employability across the country.
Key benefits of the report:
Questions answered in the business liquidation services market research report:
Business Liquidation Services Market Report Highlights
Aspects | Details |
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By Service Type |
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By Organization Size |
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By Region |
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Key Market Players | Liquidity Services Inc., Deloitte Touche Tohmatsu Limited, PwC, Ernst & Young Global Limited, KPMG International Cooperative, RBK, Ogier, McKinsey & Company, RepoMax |
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