As your business grows and evolves, restructuring and reorganisation is often inevitable. The need for change can also arise during times of economic uncertainty, when challenging decisions must be made. Managing the process correctly plays a crucial role in the long-term health of your business and taking advice early is critical to ensure the legal risks are effectively managed.
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The Office for National Statistics has published data showing the impact on the hospitality sector. In 2019, the hospitality sector represented 3% of the UK economy, contributing £59.3billion worth of revenue and employing £2.3million.
Read more on The impact of COVID-19 on hospitality and retail