Borrowing remains one of the cornerstones of business recovery
There is light at the end of the tunnel for business owners hoping to secure funding to save a failing but still valuable company.
Financial struggles can strike even the most promising businesses, some of which have not yet recovered from the balance-sheet challenges of the pandemic.Â
Restructuring is on the rise, with a 54 per cent increase in insolvencies in H1 2023 compared to the H1 2022, according to the PwC Restructuring Update. It further reports that more than 6,000 companies that availed of the debt warehousing scheme owe an average of €300,000 each. These companies have until May 2024 to make repayment arrangements with Revenue.
