Corra Group Offers Due Diligence Background Checks to Assess Updated Corporate Valuation as a Result of the Recession

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Corra Group provides due diligence reports to companies in need of more current valuation assessment, evolving from the recession caused by COVID-19.

“Corra Group provides full service due diligence and corporate research both domestically and globally,” said Corra Group Co-Founder, Gordon Basichis

Corra Group is offering due diligence background reports to clients concerned with decline in corporate valuation as a result of the ongoing recession. According to an article in the Harvard Business Review, entitled "Taking Stock of the COVID-19 Recession", "the severe intensity of the crisis fueled fears of systemic meltdown, driven by liquidity and solvency problems cascading through the real and financial economy."

“Many businesses have gone through their challenges due to the COVID-19 pandemic and the subsequent recession,” said Corra Group Co-Founder, Gordon Basichis. “Lack of production, due to the pandemic, and the overall economic downturn has had a devastating effect on a great many businesses. Some companies have been forced to close their doors while others are hanging in there, only with solvency issues and the lack of cash reserves. Where companies were considered healthy and solvent, before engagement many warrant updated scrutiny."

“Corra Group provides full service due diligence and corporate research both domestically and globally,” said Basichis. “Our background checks and data reports when combined with our reputational interviews go a long way in assisting clients in determining the red flags and relative potential of acquisition targets, engagement partners, or current and conceivable vendors and customers. Corra Group provides these reports to both corporate entities and private investigative groups who are especially in need of business research in different countries.”

Basichis noted that Corra Group offers everything from business credit reports to full service due diligence and investigative reports. He offered that these reports can be customized to meet the specific needs of any client.

“The importance of reputation searches and other non-data investigative instruments is to assess potential red flags before the other shoe drops,” said Basichis. “Often, by the time disturbing information is recorded in the court system or reaches the news, it is too late. Then as a business you are playing catch up and working damage control. That is not the place you want to be.”

BACKGROUND: Corra operates as Corra Group and Corra Global Research and specializes in employment screening and corporate research and due diligence. It is one of the few companies that will answer the phone. You can review the website at http://www.corragroup.com.

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