A Practical Guide to Restructuring and Corporate Recovery in the UK | |
Perhaps surprisingly, considering the country’s business sector forced into lockdown situations and taking the Government’s hand of financial support, the number of insolvencies to date has remained lower than expected. That’s not to say we won’t see more insolvencies over the coming months as the financial support ends and the companies that were in trouble before the pandemic are likely to declare insolvency. With a report suggesting that as many as 723,000 businesses could be in ‘significant financial distress’, what we are seeing is an upturn in businesses restructuring and refinancing as they adjust to dealing with substantially more debt than anticipated a year ago. Debt management schemes are certainly on the rise and it’s not been limited to the smaller or medium-sized businesses. The likes of Virgin Atlantic, Pizza Express, Virgin Active and DeepOcean have all implemented corporate recovery and insolvency schemes. But is a restructuring or corporate recovery solution the right option for your business? | |
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| Target State: All States Target City : Norwich Last Update : Oct 14, 2024 3:05 AM Number of Views: 32 | Item Owner : Jamie Playford Contact Email: Contact Phone: 08002465895 |
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