Protecting your business from insolvency

Any business can find itself in trouble, and everyone who runs a company needs to know about insolvency. You should know what it means, how to avoid it, and what to do if you think your company might be facing it. 

Understanding insolvency helps directors ensure they comply with legal requirements and don’t fall into wrongful trading or misfeasance that could see them disqualified. But it can also help protect the business and increase its chances of being saved. Understanding how the company got into trouble can show a way out.  

In all cases, the key is to move quickly and look for help. Often, businesses call in advisers too late. Acting early can significantly improve a company’s chance of survival.  

In this guide, we explore the warning signs of insolvency, how to avoid it, and what to do if the worst happens: 

• What you need to know about your responsibilities as a director 
• How to work out if the business is in trouble 
• Practical steps you can take to avoid insolvency 
• Why you must get advice as soon as possible if your business is in trouble 
• What can happen if you don’t take action quickly 

 
Read the guide today to find out how you can work through difficulties and get the best results in the toughest situations.