When we use the term “corporate” this will usually apply to a limited company, but in most instances described below, it will also apply to a partnership or a limited liability partnership (LLP). If you are a sole trader or an individual please see the personal information pages.
“Running a successful company or business is difficult enough. Mix in insolvency and it becomes almost impossible.”
It is obviously best to avoid insolvency in the first place, but if your company does become insolvent, it is important to act quickly to stand a chance of putting it back on a sound financial base. If that can’t be done, it is still better to take action as soon as possible to avoid the position getting any worse rather than carrying on and hoping “something will come along” to put everything right.
Seeking early advice will present more solutions than if you do nothing. Click below to see how we can help: