More than 50 per cent of small to medium sized businesses are preparing to explore insolvency options over the next six months, a new survey has found.
An independent survey commissioned by insolvency firm Jirsch Sutherland has found that of the 1,000 business owners and directors surveyed, 51 per cent said they were expecting to explore restructuring or insolvency options in the next six months.
The prospect of JobKeeper coming to an end was far from their primary concern, with just one in 10 worried about the phase out of the wage subsidy scheme.
Instead, cashflow concerns continue to keep business owners up at night, with 36 per cent nominating it as their stressor.
More businesses fail due to lack of cashflow than due to lack of p…
Read the full article at: https://www.accountantsdaily.com.au/business/14661-smes-contemplate-insolvency-options-as-fears-set-in
