Is your company in financial difficulty?

If you think your company might be in financial difficulty, it's important to get professional accounting and legal advice as soon as possible.

How can I tell if my company's in financial difficulty?

Some signs that your company is having financial issues can include:

  • poor cash flow
  • ongoing losses
  • overdue tax debts
  • issues obtaining finance
  • unpaid creditors outside usual trading terms, or
  • liquidity ratios below 1:1

What should I do?

Getting advice from an insolvency practitioner as soon as possible is the best course of action. They'll be able to conduct a review of your company and outline your available options.

This can include restructuring your company, organising refinancing or even appointing an external administrator, receiver or controller.

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Last updated: 15/10/2014 12:00