EXPERIENCE

Industry Insight

The impact of Covid-19 in the last two years has seen and will continue to see some permanent changes occur in the small to medium business sector.
Will businesses in financial distress or teetering on the edge of insolvency start to utilise the small business restructuring process introduced in January 2021 now that we have emerged out of the COVID lockdowns, related legislative protections and support packages?
In this low interest rate environment access to capital has been plenty. Your clients should be taking advantage of this opportunity and reviewing their finance facilities to determine if they are getting the best possible financing deal. ​
As restructuring and insolvency practitioners, we often encounter businesses failing simply because they have poor legal documents or financial systems in place.
The world has changed – Australians are locked down and facing challenging restrictions. What that means is that businesses (your clients) could be severely impacted.