The press are reporting that there will be an expected upsurge in insolvency appointments in the coming months.

Unfortunately, we feel that given the recent market conditions and the reductions in government support, that this will be inevitable.

As a practice we have been able to use the lockdown period to increase the size of our team and strengthen our working practices so we are well-equipped to deal with new and urgent matters.

We would encourage business owners to think carefully about their business structure, whether market conditions have changed and what they can do to adapt to those changes. If they are in financial difficulty, or they are unsure whether their business will still be profitable, we recommend they seek advice as early as possible.

If you or your clients are worried about your position or have been affected by the insolvency of a customer or supplier, we would be happy to discuss it with you. Please contact.

Source: Financial Times