Richard Simms, Insolvency Practitioner answers key FAQs asked by company directors: What are the insolvency options available in the UK at the moment? Key warning signs for directors to look out for.

Richard outlines the distinct insolvency routes for individuals and limited company and limited liability partnerships. The personal, unincorporated business side, covering bankruptcy and Individual Voluntary Arrangement (IVA). Limited liability company route; insolvent liquidation, which can be compulsory or voluntary (CVL) - most used tool in UK for insolvent companies. Business Rescue Tools are also covered - administration and Company Voluntary Arrangement (CVA).

It is important for directors to spot financial problems as early as possible using the key warning signs. Richard presents the various indicators of problems. These include directors putting money back into the business, pressure from creditors and wider scale industry or specific products in decline.

www.fasimms.co.uk

свернуть