In a Covid-19 guide released by the consultancy company, TTC says agents and operators should fully utilise liquidity while it is still available – dip into pre-agreed credit agreements or overdrafts in case banks withdraw that borrowing capacity.
It also encourages companies to communicate early if contracts are likely to be breached, inform staff of changes, negotiate flexible terms with suppliers, expect greater scrutiny of accounts and review budgets which were created before the crisis hit.
