Insolvency: When is it time to accept the inevitable?
Even when it is obvious that a company is in financial difficulty, it can be difficult to advise the directors. Most of the time, they will believe they can trade through the difficulties, perhaps with a little forbearance on the part of their creditors, or a new line of credit or two. But when is enough enough? And what happens if they make the wrong call?
In Accountancy Age, Nat Young highlights some of the risks of trading when in financial difficulty and common pitfalls Directors take.
Click here to read the full article on Accountancy Age.