Insolvency occurs when cash flow is negative for a sustained period and business liabilities are greater than their assets. Many businesses fail because of liquidity problems or the wrong balance of assets and liabilities.
The Insolvency Act 1986 provides a framework for rescue, which will be to the benefit of all concerned. Whilst we are not registered to carry out insolvency work, our external regulated professional contacts will advise on the best course of action.
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