What directors can learn from the collapse of NMCN

A cautionary tale

CFOs and other directors can use the collapse of NMCN to put their own house in order and help ward-off the impact of recessionary forces.

Ongoing investigations into the failure of NMCN plc, which went into administration last year, seem likely to drudge up missed opportunities and identify failures to act that could have prevented its collapse.

In their article for The CFO, Helen Young and Nishma Chudasama highlight some warning signs for directors in the light of the insolvency and employment law aspects of the case.

For help and advice on company insolvency, please contact Helen Young, and for advice on managing redundancy situations, or other employment issues, please contact Nishma Chudasama.

© SA LAW 2022

Every care is taken in the preparation of our articles. However, no responsibility can be accepted to any person who acts on the basis of information contained in them alone. You are recommended to obtain specific advice in respect of individual cases.

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