Company Insolvency
How do I know if my business is insolvent?
Potential indicators to insolvency might include:
Non action could lead to:
The underlying steps to take if there is sufficient doubt on the solvency of a business are:
Above all else, businesses should not continue to trade without the advice of the above. Continuing to trade could exaggerate the insolvency position and worsen the consequences for individuals concerned.
Taking appropriate and timely advice in these situations is critical for all businesses.