The insolvency reality during the crisis There is a common view that insolvency practitioners must have been rushed off their feet during the crisis, as businesses across the economy have been savaged by lockdowns and restrictions. The reality could not be more different. Government support measures have not just kept viable enterprises afloat, but they have also suppressed business failures
A perfect illustration – a road haulage business rescue When a well-established road haulage business came to Opus for advice, the question posed was simple enough: do we have to lose everything by going into Administration? Its owners and accountants were insistent that there must be a better way out of the financial predicament it faced. This was despite a
Whist this may sound like the opening to an insolvency based joke (yes, such things exist) the answer I am thinking of is: ‘When the company has an asset which the directors are not aware of’. Surely this is a good thing? Whilst in most scenarios the idea of an unknown asset or windfall is very welcome in times of
Opus Business Advisory Group, following its continued success, has moved into the Scottish market with the opening of its first Scottish office in Glasgow, led by experienced local insolvency and restructuring expert Mark Harper. With this expansion, Opus will have eleven locations including Glasgow, stretching from Bristol in the South West and taking in Maidstone, Croydon, London, Milton Keynes, Nottingham,
In the natural world, only erosion can move a cliff edge. In the distorted, dystopian UK realm of Coronavirus economics, the cliff edge is financial and it shifts at the whim of the government, leaving a trail of confusion and uncertainty behind it for businesses. The wide variety of business support schemes It has been difficult to keep track of
Following its latest office openings in Bristol, Leeds, Newcastle upon Tyne and Nottingham, the Opus Business Advisory Group has extended its network in the South East with the launch of a new office in Maidstone, increasing its capacity to offer advisory services to businesses and individuals right across the United Kingdom. The Group provides restructuring & insolvency, corporate finance, forensic
