The pandemic pivot game – to stick or twist with your new business model Coronavirus has not just changed the way we live our lives, it has revolutionised how we do business. Some of this commercial adaptation is permanent, while other revisions may only be temporary. Some will only work in the short term, others may have much longer term
Throughout the pandemic, most businesses have been able to ride the storm due to support through the Government’s various emergency financial and legislative measures. As this protection is withdrawn, businesses will be under pressure to address overdue debt and run financially viable companies. Times of pressure and economic crisis often lead to contentious issues such as potential preference payments, transactions
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,
