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At Mazars, we are supporting businesses to act now to protect against the worst effects of the crisis. Below we outline two approaches to manage your business through this crisis.
Identify immediate steps to close a serious ‘cash gap’ arising under the following six areas:
1. Quantify the impact
2. Determine the 'cash gap'
3. Prepare the 'cash gap' plan
4. Prepare an information pack to facilitate engagement with national crisis support programmes and external funding parties to include:
5. Engage and negotiate with external parties to agree appropriate funding arrangements.
6. Involve appropriate stakeholders to communicate the key elements of the plan.
Assess the likely impact of the crisis on the business under these five key areas:
1. Sales volume impact
2. Frontline staff
3. Vital suppliers
4. Operations
5. Legal and regulatory obligations
At Mazars we have the practical experience and expertise to support businesses navigating turbulent times. Whether it’s crisis cashflow management or economic downturn planning, we can help minimise the impact to your business.
Please contact your Mazars advisor to discuss how they can help you.
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