As business owners consider what’s their next move, Crowe corporate recovery and insolvency partner Aiden Murphy outlines the key business trends expected over the next 12 months.
COVID-19 has put the cash flows of many businesses under severe pressure. While business levels are starting to recover, the withdrawal of government supports will lead to greater liquidity problems and increased creditor pressure. Crowe’s corporate restructuring and insolvency advisors can help business owners find turnaround solutions and put the business back on the recovery pathway.
Many of the problems Irish SMEs face may look daunting at first, but Crowe can help take the complexity out of the situation and guide you through the best solution. Taking the right decisions sooner leads to better outcomes and we can help you take back control.
Crowe’s corporate restructuring and insolvency team expect to see the following trends over the next 12 months:
The launch of the Small Company Administrative Rescue Process (SCARP), when brought into law later in the summer, will also provide smaller companies with access to a more affordable alternative to examinership so they can write down legacy creditors and gain a fresh start.
What's your next move?