After a year which has seen several national lockdowns due to the COVID-19 crisis, the impact on businesses is starting to become clear.
Most will have been able to access financial support of some kind, from furlough to the VAT cuts for the hospitality industry however the way businesses operate is likely to have changed, potentially for the long-term.
For some, difficult decisions now need to be made in terms of their business model, their workforce or business assets in order to restructure and ensure the business is able to continue. Others are in a position to look at expanding through acquisition which brings its own areas to consider including financing, TUPE and expanding property portfolios. Other businesses may, once the various financial support packages are withdrawn, face the difficult decision as to whether they are able to continue to trade.
BPE Solicitors is able to support businesses who are considering any of these options. We provide proactive and pragmatic advice on the options available to your business to support your decisions. Our Restructuring and Insolvency team are here to help and include experts in all of the areas above.