mazars.ie

Business turnaround & Insolvency

Significant decline in activity is particularly evident in certain sectors. This is causing a deterioration in profitability and/or increasing losses, with consequent cash flow issues, and an apparent dearth of solutions to liquidity problems. The relationship between debtors and suppliers is changing with a reduction in supplier confidence. Business issues are also having an impact on owner managers of businesses, many of whom are significantly indebted arising from personal investment decisions taken in recent years. Furthermore the change in global markets has caused a significant depletion in wealth and pension provision. With high business and personal debt levels, the specter of personal guarantee being called is causing significant stress for business owners.