Company insolvency
is a serious matter, and you need good advice to protect your personal
assets.
If your company
is experiencing financial problems then you may need to take urgent
insolvency advice before you become guilty of wrongful trading. Company
insolvency rates have increased by 62% in the last quarter from the
proceeding year, and so it is clear that global economic factors have
seeped down into the local economy.
You can spot whether
your company may be in the grip of some financial distress with two
classic tests: Are your assets less than your liabilities and can you
pay your debts as and when they fall due? If you fail either of these
tests then your business may be insolvent.
However, just because
you fail the tests it does not mean that you face company insolvency.
If, when you consider the matter further, you also recognise these additional
signs, I would suggest that you contact us to discuss what you could
do to alleviate your problems.
Additional Signs
of Company Insolvency
- Are you failing
to make your VAT and tax payments by due dates?
- Are you having
cheques returned by the bank?
- Are you continually
at the ceiling on your overdraft?
- Are you changing
suppliers for new lines of credit?
- Are you personally
putting money in the business to keep it afloat?
If you recognise
any of these signs then your company may be insolvent. You may still
have a viable and vibrant business that, with a few changes, could flourish
without these problems. We can help you find a solution to your company’s
insolvency.

If you would like
to talk about company insolvency to a specialist with 17 years corporate
insolvency experience then enter your details into the web form below
for a no-obligation chat.
However,
if you need help with personal debt (rather than business related debt)
go to our free debt
management plan application form.
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move or sell your house because of negative equity? We
may have the solution at Sell
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