• London Financial Skyline

    Seeing your Future whilst watching your back

  • London Financial Skyline

    Let us take the stress and strain

  • Taylor Aitken - solving your business and debt problems

As a Director of a Company you have a duty to run the business correctly. If insolvency is likely then as a Director you have a legal obligation to act in the best interest of the creditors of the company.

How do you determine whether your business is in trouble ? There are a couple of questions that you can ask yourself:-

1. Can the business pay it’s debt as and when they fall due ?
2. Does the company owe more than the assets that it has (Book Insolvent)
3. Has a County Court Judgment been issued – although this may not confirm that the business is insolvent.

Speed is of the essence
To avoid any risk of unlawful or wrongful trading, seek advice immediately.

Despite popular belief, insolvency does not necessarily mean the end of your business. However, ignoring the warning signs of insolvency may reduce any chance of getting the company back on its feet.  Detecting  and acknowledging that the business has financial problems is the first step.  Acting quickly should give you a fighting chance of ensuring that it has a viable future.

For all the options available to you, and there are many, contact us on 01673 849284.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close