The uncertainty around the timing and nature of when lockdown will be lifted is likely to impact businesses – particularly in areas such as customer demand and supply chain. An action businesses’ should consider is communicating forecast plans with key stakeholders to ensure they stay on board during this difficult time.
“Rarely do we get to a position that we cannot find a solution, ranging from raising new finance and selling off peripheral assets to even more extreme measures, like the use of the existing or new insolvency legislation.”
For more information on this topic you can view our guidance on restructuring, where you will find all you need to know about fixing a business. You may also wish to view our article on the Government’s introduction of the Corporate Insolvency and Governance Bill.