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WHILST many businesses and sectors have been affected by the turmoil caused by the Covid-19 pandemic, it is fair to say that some business owners have seen less of an impact on their top line. But with the economy now in recession and uncertainty set to continue for months, being aware of potential weak links for your business will stand in you good stead, writes Daryl Warwick of Armstrong Watson. Are all of your outstanding debts collectable? There are many examples of businesses that have collapsed when a business owing them money have collapsed, resulting in an unexpected cash hole in the cash flow forecast. This is likely to become more prevalent as we enter 2021, with unemployment continuing to rise and the UK’s GDP expected to be adversely impacted by the ongoing uncertainty around Brexit.Where businesses use an invoice finance facility, their lenders will be aware of potential bad debts, but if you don’t use such a facility, you should still ensure that you have ro

United kingdomArmstrong watsonDaryl warwickCreditor servicesBrexit whereStatutory demandsInsolvency partnerஒன்றுபட்டது கிஂக்டம்ஆம்ஸ்ட்ராங் வாட்சன்டேரில் வார்விக்நொடித்துப்போனது கூட்டாளர்