Corporate insolvencies in England and Wales are now at their highest level since 2009. The rise in insolvencies follows the end to the Government’s Covid-19 support schemes, the buildup of debt post-pandemic, unprecedented inflation and interest rate increases.
More frequently than ever, questions are being raised as to what happens if a company is suffering financial difficulties. This could mean delayed or non-existent creditor payments, cashflow shortages, overdue bills, difficulties in making payroll, decreasing sales and the accumulation of more debt. Board directors might be asking whether there are any options left or value to be realised.
In this article, Nyla Yousuf and Georgia Slater explore the options…
