Business Recovery Factsheet - Flipbook - Page 2
William Duncan + Co Business Recovery
Update on the relaxation of wrongful trading provisions
and what steps directors should take.
The COVID-19 pandemic has already
made sweeping changes to how the
UK does business.
With great uncertainty as to how long the changes will
last – and whether or not they will permanently change
the business landscape – William Duncan Business
Recovery has compiled some advice for directors of
businesses facing financial distress and who are
concerned about potential wrongful trading during the
The key advice however is:
If you are the director of a business facing financial
difficulties, you should seek professional and
qualified advice from an insolvency practitioner or a
reputable restructuring professional as soon as
possible, to safeguard your company’s future.