It has been recently reported many differing businesses are finding it extremely difficult to plan due to the uncertainty whether government support to businesses for their energy costs will be extended beyond March 2023.
Most business owners would ideally like to have at least a 3-6 month cash-flow buffer to work towards and the government’s failure to provide clarity on energy costs beyond March 2023 is of significant concern to many. According to the Federation of Small Business one in four small firms expect to either close, downsize or radically change their business model if the energy support dries up after March. https://www.bbc.co.uk/news/business-64151979
At PBC Business Recovery and Insolvency we always urge business owners, if concerned about the businesses financial future to seek early advice.
If you require any advice or assistance on financial concerns, then please do contact PBC Business Recovery & Insolvency on 01604 212150 or email to enquiries@pbcbusinessrecovery.co.uk and we will be more than happy to help.