Insolvent Trading

What to do if you suspect insolvency

If you suspect your company is facing solvency, legally you must:

confirm the financial position of the company
take positive steps to realistically assess the options
seek appropriate and competent advice
act in a timely and responsible manner to address the solvency concerns.

How to avoid liquidation

A common reason for company liquidation is that insolvency advice was sought too late.

By delaying the decision to seek professional advice and having a ‘head in the sand' approach, directors often leave themselves with no other option but to wind up their company.

Obtaining competent advice early may lead to non-insolvency related options such as restructuring, refinancing or obtaining equity funding to re-capitalise a company.

Other resolutions may include Voluntary Administration, Deed of Company Arrangement or Voluntary Liquidation.

Discuss your concerns with The Insolvency Experts and find tailored solutions for your problem, before it’s too late.

Act early to give yourself the best opportunities. Call The Insolvency Experts now!

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