With the end of Government support measures on the horizon, business owners need to act now to avoid a cliff-edge scenario.
Unprecedented financial stimulus during the pandemic has helped UK businesses to weather exceptionally tough trading conditions and keep cash flowing. However, the time is nearing for business owners to stand on their own two feet and some are avoiding taking difficult decisions, which could end up making things worse.
In order to avoid a cliff-edge scenario and be ready to take advantage of increased demand when confidence returns, owner managers must take action now to ensure their business can survive in a post-lockdown world – but spotting the signs of trouble may not be so easy for businesses that have benefited from Government-backed loans and grants.
During this 20 minute masterclass, our business recovery expert, Simon Underwood, will address the following:
- How to identify and react to signs of financial distress
- How to assess the viability of your business
- Why effective scenario planning is so important
- The actions to consider in order to improve financial performance