Since coronavirus hit the news at the beginning of 2020, there has been a worldwide reduction in the number of people travelling.

For many businesses, cash flow is the number one problem right now. With a sudden (and in some cases, complete) drop in revenues from the lockdown, cash is tighter than ever. Not only are new sales coming to a halt, but existing bills aren’t always being paid.

Running a retail business on the high street has always been tough, but in the current climate it is particularly challenging.

Coronavirus poses a significant threat to the global supply chain, which may lead to considerable production delays and potential widespread business failure. 

The coronavirus pandemic has been a strange and testing time for the accounting profession. Firms are facing their own business challenges while at the same time working closely with clients that are facing significant problems.

Homebase join a long list of retailers scrambling to survive in an increasingly hostile retail environment.

The government’s revaluation of business rates in April 2017 saw increases in about half a million properties, which has prompted almost 200,000 businesses to be summoned to court over unpaid rates.

Pets at Home has received a lot of press attention in the last month, most of which has been positive.