Examinerships – Corporate Recovery
In order for any trading business to operate successfully, it must generate revenue. Countless industries have been decimated by the forced closure of businesses during the Covid-19 pandemic. It is simply impossible to generate revenue whilst shut. For example, how can a restaurant survive with no customers? The answer is simply that it cannot - with rent, wages, overheads to pay and no income being generated to meet them. It is not just the high street or small businesses that have been affected. Last week CityJet appointed an Interim Examiner.