03 Sep 2024
The rise of zombie businesses: Why it’s no time for reckless trading
In the depths of the boom/bust cycle that started with Covid, businesses are doing it tougher than they have for years.
Business recovery services
Get help as soon as signs of trouble appear
Our key focus is to help turn around businesses in financial difficulty. We do this by:
- Independent business reviews
- Performance improvement
- Refinancing
- Financial forecasting
- Business plan analysis
- Assessment of business governance
- Assisting with business monitoring
- Assisting with customer or creditor disputes
Insolvency
Sometimes the situation may have deteriorated to a point where continued business under the present structure may no longer be viable. In this case options may narrow down to:
- Voluntary Administration
- Creditor compromise
- Innovation asset realisation strategies
- Liquidations
- Receivership
It’s our role to independently advise you on which approach is likely to be best for you and the business, based upon your particular circumstances. Once you’ve decided, our team has the expertise to achieve the effective, efficient and timely implementation of the chosen option.
Seeking advice at the earliest opportunity is key. We’ll work with you to improve your position, contact one of our experts now.
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As we all know, there is significant global economic uncertainty as countries deal with COVID-19, and the steps taken to control it. Most countries are expecting to enter recession, if they are not in one already.
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Many businesses are facing unprecedented times and have been forced to consider if they can continue to operate in the same manner as before.