Restructuring

During the COVID-19 outbreak it's likely that the majority of businesses will encounter trading difficulties at some point -  in these instances our advice is to manage cash flow appropriately, deal with potential issues head on, seeking help quickly if you're at all concerned.

We have extensive experience assisting businesses in difficulty, so if you are concerned about any of the following business or cash management issues, please get in touch with Mike Kienlen, Head of Restructuring, Recovery and Insolvency who is ready to help.

  • Difficulties in turning stock into debtors and then into cash
  • Managing cash flow, identifying critical payments over the short to medium term
  • Assessing customers’ ability to pay
  • Reviewing supply chain terms and negotiating with suppliers
  • Understanding any additional cash requirements and accessing the appropriate external funding
  • Reviewing staffing requirements
  • Communicating with different stakeholders (including HMRC and existing lenders)

Get in touch

If you have any concerns, please get in touch with Mike Kienlen, Head of Restructuring, Recovery and Insolvency, Partner & Chairman on 0113 2211 300 or email mike.kienlen@armstrongwatson.co.uk.

Ask Mike from our Covid-19 team

Mike Kienlen
Head of Restructuring, Recovery and Insolvency, Partner & Chairman

If you have a question on any Covid-19 related issues, please submit it here

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