Category : INSOLVENCY

Company at risk of going bust? directors should take immediate action to address the situation and try to turn the company around. Michael Tait offers some steps to consider: Assess the Situation: Directors should conduct a thorough assessment of the company’s financial position, including cash flow, outstanding debts, and overall financial health. This evaluation will […]

Chairmen overseeing a turnaround need to actively consider the corporate insolvency routes available in the UK. It’s essential to acknowledge that chairmen are fallible, and there might be situations where repairing the damage proves impossible. Maintaining awareness of insolvency options is imperative. In the United Kingdom, the Insolvency Act 1986 actively establishes the legal framework […]