Australia’s retail industry is facing a very uncertain 2023 as the impact of higher interest rates, inflation, supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items.
The process of restructuring a small business is intended to assist with resolving financial distress, enabling small businesses to go to creditors to ask for help while staying in control during the process.
Domenic Lo Surdo, Managing Director at Stamford Capital, joins us in this episode of The Cut. Stamford Capital is Australia’s leading independent arranger and provider of commercial property finance. In the episode, Domenic offers commentary and explores the world of construction finance.
We’re very lucky to have one of the preeminent national litigation, construction and solvency lawyers in town, Mr. Joseph Scarcella joining us today.
Small businesses have had to adapt to COVID’s effects on the economy over the past two years. They are now dealing with a whole new set of difficulties, including rising inflation, lack of workers, high consumer demands, and supply chain issues.