Take all the credit and grants you can then run for the hills and liquidate whist you are ahead.
I see this happening a lot.
Except that most hasn't been paid yet so they are not likely to be ahead. It's more likely that as the government thinks that making it difficult to claim and as they have taken an age to get the process in place, they couldn't afford to pay their outgoings while they wait for money which is not guaranteed. I would agree that they were likely on the down anyway and have used it to accelerate that process and walk away, perhaps getting a buyer for their brand etc and so the shareholders maybe will get an upside that wasn't on the table otherwise.
If they have been struggling pre-Covid, or if they happen to bank with someone not in the government scheme, they can't borrow to buy time either. The banks are putting in the same checks for their 20% risk as they would in normal times so anyone who hasn't been doing well won't get any support anyway.
When the dust settles, I hope the government is held to account for the problems they could have avoided.
Don't even get me started on the so-called package for the self-employed.
