Simon Cathro, founder and managing partner of restructuring and insolvency specialist Cathro & Partners, says his general view on advice tech providers is they are often too heavily reliant on capital injections because they’re not cashflow positive.
“What we’re seeing at the moment – and it’s not just that industry specifically but genuinely any business or industry that’s heavily reliant on capital injections – the investor appetite is they’re expecting a quicker turnaround into profitability,” Cathro tells Professional Planner.
