Months after the initial lockdown, it has become clear that the pandemic will create long-term or even lasting changes that will mean some businesses are no longer viable. As the Government gradually withdraws the support packages available, it is vital that managers assess their business in light of the new normal.
The sooner you spot the warning signs and take action, the more options you will have to save the business. Insolvency and restructuring professionals are there to help struggling companies achieve the best possible outcome. The UK insolvency framework offers a whole range of tools they can draw upon, including some new measures which could benefit many more businesses.
Insolvency …
Read the full article at: https://www.businessupnorth.co.uk/insolvency-and-restructuring-trade-body-explains-how-to-spot-businesses-in-distress/
