Early action is the key to businesses avoiding or surviving financial difficulties. This guidance covers: how to recognise issues when they arise, what advice to seek and who to approach. It explains the role of licensed insolvency practitioners, the six signs an organisation is in distress and the seven stages of business recovery.
Most people launching a new business do so with hope and optimism. All hope it will succeed, but most also know that along the way they will experience challenging times.
Cash rarely flows in the steady stream business owners would like. The cost of business can rise sharply and unexpectedly. This can make managing liquidity tough. The difference between businesses that survive and thrive and those that fail…
Read the full article at: https://www.icaew.com/technical/business-and-management/economy-and-business-environment/business-restructuring-and-insolvency
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