Well, it looks like a vaccine is on the cards.  Normality at last.  However, that may mean time up for many businesses that are hanging on with the help of Government loans and grants.  As companies start to trade properly again, the ticking time bomb of inertia is ready to blow.  Business Insolvency advice will be in demand like never before. Is there any more money in the nation’s coffers to ease the transition? Probably not!  Trade will probably increase month upon month despite a possibility of a No Deal Brexit.  This is because trade is at a record low at the present time!  Things can only get better on a national level.

Clarks, the shoe retailers have proposed a Company Voluntary Arrangement.  Once again a large brand has used the Company Voluntary Arrangement process to cram down their rents.  No doubt the only winners will be the shareholders. A Company Voluntary Arrangement was never meant to be used by large companies but Covid-19 has caused such disruption that they probably had little choice.

Business Insolvency advice will soon be offered to the SME sector like never before.  Many directors will simply walk away from their businesses. Little attempt may be made to attempt a rescue plan such as a Company Voluntary Arrangement.  The lure of a less stressful future may be sought in employment with another company. But for a good percentage of small companies, good  Business Insolvency Advice could lead to a bright future.

A Company Voluntary Arrangement takes four weeks from receipt of information to the virtual creditors meeting.  That could be four weeks from desperation to exhilaration for a director.  It makes sense for any director that really wants to move forward quickly to take Business Insolvency advice now.  Prepare for the future.  Position for success.

Directors Circle in conjunction with Insolvency Consultancy Experts have the expertise to deliver the results.