Businesses are proving to be much more resilient than was expected – up to this point at least. Thats according to Stephen Scott, head of Restructuring & Recovery Services at Evelyn Partners.
Many of the reasons for this are well versed, says Scott, with factors that stopped a wave of post-Covid insolvencies still being relevant.
This includes government supports in a different guise, ongoing tax warehousing, or more generally creditor forbearance with more willingness to allow space and time for businesses to recover or to come to an informal resolution.
In relation to the latter point, post-Covid and even after the last property recession there may be a culture shift in relation to formal enforcement generally, with all alternatives …
Read the full article at: https://businessplus.ie/interviews/scott-expects-scarp-numbers-to-increase/