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Business Rescue

Video: Support for directors if their business is in difficulty

Author: ICAW Insights

Published: 25 Jun 2021

We asked insolvency experts Tyrone Courtman and Mike Jervis to talk about the issues facing businesses that have survived the pandemic but remain in financial distress.

What are the options for businesses that have been hanging on by a thread during the pandemic, but now face the prospect of failure as government support is scaled back? 

It’s critical to ask for help as quickly as possible - the early that directors speak to a trust individual, the better the options available to them. 

We asked Tyrone Courtman, a partner at RSM Restructuring Advisory LLP, along with Mike Jervis, partner at PwC, to have a talk about the challenges facing businesses, and how they can help.

Insights Special: Business Rescue

Conversations are intrinsic to business rescue. Be they with a chartered accountant, a bank, HMRC or any other trusteed individual, business restructuring, refinancing and recovery depend upon communication.

Two people shaking hands, seen from above.