This pandemic is a crisis like no other in the past century and beyond. It is stressing every aspect of a company’s business model. Revenues are being slashed, profitability savaged, supply chains stretched and working capital pulled one way and another – all in a volatile and unpredictable commercial world, where official guidance and realities change almost by the moment.
The legal pitfalls to be aware of Businesses fail for all sorts of reasons, some within the control of the entrepreneur behind them, others because of a variety of external factors. Most failures will end with at least some debts unpaid and with the company going into Liquidation, possibly after an attempt has been made first to rescue it through
As we all know, most early stage tech and other high growth businesses are often reliant on equity funding, typically from institutions (such as VCs), or family offices, high net worth investors and crowd-funding platforms. These rapidly-developing businesses are generally in a perpetual state of fund-raising, as they grow towards gaining sufficient traction in the market to make them profitable
The Pandemic is disrupting every aspect of businesses, but probably none quite as fundamentally as the lives of those in the accounts department. These places are havens of routine; they keep score and churn out an orderly stream of budgets, forecasts, management information and annual accounts. They speak the universal business language: numbers. This crisis has pulled the rug of
As the Pandemic tears into businesses, slashing revenues and highlighting those fixed costs that just will not go away, the temptation for business owners and directors is to hunker down and turn inwards to find a route to survival, while maintaining a stoical silence. Counter-intuitively, there will never be a time when shouting from the rooftops about your problems and
With the pandemic’s commercial impact worsening day by day and uncertainty reaching ever new heights, businesses and their management are facing much more than just a three month blip. Instead, the disruption may stretch into 2021 for some of the worst hit sectors. Government guidance is proving an unreliable framework and the media is full of rumour and false information.
