As we emerge from Covid-19 into turbulent financial times, insolvencies are on the rise and businesses are under pressure. Will the number of distressed companies increase this year – and what can they do to ride out the storm?
The world is going through a period of unprecedented uncertainty brought on by the pandemic and its consequences. For businesses affected, this is how you can weather the storm.
The coronavirus pandemic has put the world into a tailspin. All businesses are affected as they come under unprecedented pressure from the disruption and as trade evaporates. For companies experiencing distress, the earlier its directors take action to perform a financial health check and monitor the situation, the better the prospects for survival and recovery.