Bosses urged to act now before furlough ends
BUSINESS owners in Portsmouth who are fearing the end of the furlough scheme should be acting now to give their company finances the best chance of staying on an even keel.
Garry Lee, regional chair of insolvency and restructuring trade body R3’s South and Thames Valley region, is advising employers who are concerned about meeting their wage commitments when the Coronavirus Job
Retention Scheme closes on October 31 to start looking for advice now.
He said: ‘Business owners can’t afford to put their heads in the sand.
‘We’d urge anyone who is concerned about the future to seek advice from a qualified, regulated insolvency professional as early as possible, so that they retain access to the widest range of options for safeguarding its future.’