The recent failure of the Connaught Group and the knock-on effect for suppliers and subcontractors has undoubtedly caused concerns for many companies across Norfolk and Suffolk.

Even more concerning for local companies is the potential 25% cut in public sector spending over the next five years expected from the Government. Around 18-20% of the East Anglian workforce are employed in the local public sector, more if national government and its departments are added, so cuts would have a major impact.

If you are concerned about the impact of the above on your business, or if you have any clients serving the above sectors that you feel might benefit from practical advice during these difficult times, PKF can help. Our local Corporate Recovery Partners, Matt Howard matt.howard@uk.pkf.com and David Merrygold david.merrygold@uk.pkf.com are  insolvency and turnaround experts and well qualified to offer pre insolvency advice and guidance. They can also assist with funding or cashflow problems and negotiate with both lenders and government agencies, including HMRC, on yours or your clients' behalf.