It may seem obvious, but we are finding from our own business – as well as the clients we are acting for – that rapid and decisive action, laser focus, clinical prioritisation and unswerving dedication from employees are some of the key ingredients required to mitigate the inevitable effects on UK businesses in the current climate.
Whilst initial announcements of Government support have been welcomed by many, that financial support is yet to come into effect in any meaningful way, and a lot of the finer details have to be revealed. The next few weeks will feel extremely difficult for business owners across the board, at home and at work, but there does seem to be light at the end of the tunnel if current mass isolation plans prove successful in halting this virulent strain of Coronavirus. In addition to our usual work, we are now busy helping businesses design and implement financial crisis plans, and working with our extensive network to act as the informed intermediary between SME businesses seeking much-needed additional financial assistance, and the banks authorised to lend under the new Government proposals.
Castle is absolutely committed to supporting the owner-manager and family businesses survive and even thrive in these unprecedented times. If you are in need of urgent advice on how best to position your business during this time or want to find out more on how to access CBILS or other forms of debt, then please do not hesitate to contact one of the team. We wish everybody the very best of the luck over this challenging time.