It looks like a major recession is now inevitable, but more immediately the type of measures being taken by governments in response to COVID-19, as well as the consequences of COVID-19 itself, are going to lead to certain businesses suffering immediate and major distress.
As our commitment to local business, we have developed a Framework: The Resilience Wheel, designed to help businesses navigate these choppy waters. We also feel that now, more than ever, a business’s understanding of its future cash flow is imperative. With the new support schemes being opened by the States of Guernsey, they, and the banking community, will require cash flow forecasting in a pre and post COVID-19 world.
We held a webinar on April 14th hosted by Kirsty Warner from Grant Thornton and Carrie Ng from HSBC Bank.
View the webinar video below.