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Keeping workers employed and companies going throughout the COVID-19 pandemic has been the aim of the Government, and the Business Secretary’s temporary suspension of wrongful trading provisions has given bosses much-needed breathing space. However, the threat of insolvency is real for many organisations.
Jonathan Walton, Whitley Stimpson, asks Peter Windatt, BRI Business Recovery and Insolvency, what measures can be put into place now to keep heads above water whilst limiting the personal liability to directors. They will share real life stories of how thinking ahead and preparing for the worst while hoping for the best may lead to salvation.
Covering:
- Where to find the information and help needed if your business is in financial difficulty.
- The different rescue and exit options that are available to a business owner and why it’s a good idea to have a plan.
- Why a cashflow crisis can provide opportunities as well as give rise to uncertainty in relation to a business’s future.