An interesting, if not depressing, article in the FT today about the expected rise in insolvencies in 2022.
Our research indicates, and my own view is, that things will slowly start to unfold as we head into Q2 2022.
Over the last 18 months we have helped guide clients through the process of a restructuring of debt, lease issues, refinancing, selling off assets or helping them navigate either a Company Voluntary Administration or Company Voluntary Liquidations.
But I think we head into that "perfect storm" near Q2 where companies have cash flow problems, rises in energy prices, logistics, freight etc, paired with the winding down of government-backed help and rising interest rates.
Concerns with covid and the effect this will have on the UK workforce is not going to go away anytime soon, so all things are pointing to a difficult year ahead for a significant number of businesses.
If we have learnt anything over the last 18 months it is those companies that have the ability to act fast and early, to be able to solve problems and make key decisions quickly rather than putting them off and keep revisiting them.
We are now in a completely different world. You cannot be a low-speed company in an increasingly fast and complex world.
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