In a recent interview with SmartCompany's Lois Maskiell, Succession Plus Chief Executive Craig West spoke about the record high valuations for small-to-medium businesses (SMEs) prior to the latest lockdown, and the ongoing uncertainties caused by the COVID-19 pandemic and business restrictions.
West sheds light on the brutal impacts on SMEs after the nation-wide lockdown in 2020 and what can be expected following trading restrictions this time around.
“I don’t think businesses are going to have the same cash reserves as they did a year ago,” he said.
Read the full story: SME valuations hit record high of $1.4 trillion in June with more businesses looking to sell – SmartCompany