Liquidity & Contingency
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Over the course over the past 12 months we have witnessed an extraordinary national response to the coronavirus COVID-19 health crisis. Our policy makers have delivered historic stimulus and relief packages, our healthcare system doubled down, borders have been closed and banks and businesses have bent their efforts towards protecting lives and livelihoods.
Now almost into April and there are positive signs the curve is flattening. However we are in this for the long-haul and with most, if not all, major policy announcements made, businesses can now turn their minds to how they will navigate this new normal.
With specialists across business risk, business continuity, workforce, tax, compliance, supply chain and restructuring, we are here to help. This may be an assessment of your risk and cash flow, identifying alternative suppliers, or preparation for meetings with suppliers, banks or the ATO to access additional support or extensions.
This area on our website is designed to provide you with the tools and resources for you as a business owner to navigate the uncertain and unchartered waters we are now facing.
A list of all of our upcoming webinars will be listed soon for registration.
Grant Thornton are pleased to share the results of their Channel Islands COVID-19 Business Impact Survey. This document focuses exclusively on Guernsey and draws from a number of independent sources.
Grant Thornton launched a survey in association with the Jersey Chamber of Commerce to measure how local businesses are coping in the face of the COVID-19 pandemic.
Jersey's Government has been working to support businesses and the self-employed operating in Jersey with a series of measures and initiatives designed to offer financial support to businesses.
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 the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial statements and approving them for issue need to be cognisant of not only what has happened and is happening at the reporting date and the time the financial statements are approved, but also what is likely to happen next.
With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow.
Grant Thornton Limited is serious about ensuring we minimise disruption to our service and continue to offer you peace of mind that we remain open for business. But to ensure the safety and wellbeing of our colleagues, their families, our clients, suppliers and the wider community is considered, we have enforced several measures with immediate effect.
With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. The right response will depend on the specific circumstances you and your business face. However, when experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.

The 6-Box framework enables wider and more meaningful conversations, through understanding the strategic opportunities and challenges organisations face.
The 6-Box approach, can be used to create a detailed action plan to help develop businesses, by focusing and directing growth from six key areas.