Corporate Recovery I Administration I Liquidation I CVL I MVL I CVA I
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more options are available to protect you and your business.
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the spiral of decline 020 7495 2348
The Business may be experienceing trading losses due to the economic downturn, a loss of a major client or a bad debt. This in turn leads to difficult decisions and lower drawings. A poor balance sheet could be a source of concern for lenders who would require additional security and or personal guarantees from the directors.
As the situation worsens the business experiences a cash crisis. The directors may have to forgo salaries or drawing and may need to inject funds into the business to make essential payments. Creditors threaten action. The directors potentially become personally liable for the losses of the business.
Trading becomes impossible