After much publicity and fanfare about stock market rises in the weekend press and following the FISE 100 hitting a post-pandemic high of 7,164 on Monday, the index has retreated back to 6,980 today, (Tuesday 1.00pm). The US Nasdaq was down 2.6% on Monday and in Europe the French CAC Index and the German Dax Index have also dropped.
Clearly this is worrying (if not unexpected), especially in view of the massive spending proposed for dealing with current issues such as the Health Service backlog, the much publicised need to address what has been called “the social care crisis” and planned legislation announced in the Queen’s Speech for the “levelling up” of the UK economy.
However, reports do indicate that the price of commodities and raw materials is increasing and there is a limit as to what proportion of rising costs can be borne by manufacturers without long term financial harm with consequential increases in the number of companies dealing with cashflow, profitability and potential insolvency issues.
Having said all that, watch it all reverse and bounce back tomorrow!!
Although the vagaries of the markets may seem remote from the “real world”, we at TH Financial Recovery work each day with individuals and business owners who continue to juggle with reduced income coupled with an increasing debt burden. The adage that a problem shared is a problem halved is still very relevant.
The directors and staff at T H Financial Recovery have years of experience working with both individuals and businesses in financial difficulty and, just as importantly, offer confidential, practical yet sympathetic advice as to the options that may be available.
Recommended strategies may include Business Assessment & Restructuring, New Funding Options, Creditor Negotiation and Time to Pay Arrangements, Company and Individual Voluntary Arrangements (CVAs & IVAs), Administration, Liquidation and Bankruptcy.
Whatever the issues, most people feel much better having talked their problems through. Do not hesitate to give us a call on 01282 332222 or email to arrange a FREE, no obligation chat to alleviate your stress and receive practical advice.