Essential Insolvency Advice for Directors
As a Company
Director, if you are concerned for the financial position of the
company that you work within, you may also be concerned about where
you stand with regard to your responsibilities, duties and
Managing a company
through a turnaround, rescue or insolvency may require new skills
and lead to new experiences. Why not integrate the skills that you
have within your company with our skills and experience to give you
the best chance of producing the outcome that you're looking
for. If you don't deal with the situation you should be aware
of some of the points below.
As a Company
Director you may have been thrust into the position as a Director
without any formal training as to the responsibilities that you
have taken on. In the situation of a company in decline that
you may wish to be clear on where you stand.
responsibilities are to act in the best interest of stakeholders in
the business. Stakeholders would include trade and finance
creditors, HMRC, employees and shareholders.
As a Director your
duties are wide ranging. In a financially challenged company you
might want to be clear that your actions are not making the
financial position of those associated with the company worse.
Directors may become
PERSONALLY LIABLE for losses of the business if
they do not act reasonably in the light of the circumstances and
situation that they are facing. Such liability can be reduced
and or eliminated by seeking expert advice at an early
Nothing to lose!
Our initial advice
is without cost or obligation on your part.
Contact us on 020
7495 2348 in confidence and let us help you find the best way