In this video, the topic of ‘stress’ and ‘distress’ in owner-managed businesses is discussed. We talk specifically about directors’ fears regarding cash, meeting creditor payments and the availability of resources and materials up and down the supply chain. We also consider the risks of over-trading as businesses try to recover in a post-COVID environment and turn to thinking about what directors can do to ensure they have their eyes open to the business’ current situation.
We always recommend that you seek advice from a suitably qualified adviser before taking any action. The information in this article only serves as a guide and no responsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or the firm.
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