AVOIDING INSOLVENCY
There are an increasing number of firms, large and small, that are facing liquidation, receivership or voluntary administration. Consequently, it is important to identify the warning signs of a struggling company.
Many businesses in New Zealand are currently battling with inflation, the ongoing impact of Covid-19 on their business, staff shortages, material shortages, increased overheads, higher interest rates, reduced margins, the challenges of gaining access to finance and liquidity issues. These underlying pressures can lead to financial problems and to ultimate insolvency.
Many businesses will rise to the challenge and get through it. Some businesses are no longer viable. Many have closed the doors or
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