Is your company in financial difficulty?
What to do if your company is in financial difficulty
If you suspect your company is in financial difficulty, get professional accounting and legal advice as early as possible..
Signs that may indicate your company is in financial difficulty include:
- ongoing losses
- poor cashflow
- unpaid creditors outside usual trading terms,
- problems obtaining finance.
An insolvency practitioner can conduct a solvency review of your company and outline available options. You need to be aware of your options so that you can make informed decisions about your company’s future. Options may include refinancing, restructuring or changing your company’s activities, or appointing an external administrator.