With more SMEs and NFPs under financial stress, directors must be alert to the signs of insolvency.
As economic activity ramps up following COVID-19, directors of many organisations are facing brutal business realities. After thebushfire disastersandthe lockdown, many are in significant distress and the outlook for cashflow is grim. Following on from long days and workarounds, a period of constrained demand, knock-on effects to suppliers and customers, and changed consumer priorities now present daily challenges with depleted cash reserves and constrained access to capital.
For some, it may well be too much. Companies into which owners have poured their energy, aspirations and capital will not go the distance. Others will require feats …
Read the full article at: https://www.businessnews.com.au/article/3-insolvency-stages-to-watch-for
