We have re-produced here some of the top 10 warning signs that as a director, shareholder, taxman, banker, accountant or advisor you should be recognise when things are getting tough in a business.

The ongoing recession is going to make life tough still for EVERY business.

Very few directors set out to manage insolvent businesses. Whilst this is an obvious statement, it is important to stress. We have worked with thousands of insolvent companies and the warning signs are very common and obvious, when you know what to look for!

Of course "Oh, don' t worry ONE BIG SALE, CHEQUE or Contract will sort it"! is the usual answer - in our experience that's far from the truth and failure to decide to act is more a sign of poor management than wishful thinking.

In a recent survey of financial controllers /directors, nearly 65% said they would not seek outside help if the company had a cashflow problem, as "something would come along and fix it". Is that really sensible management? No, it is abdication of management responsibility, plain and simple.

Judge for yourself. Click on links below: if you recognise too many of these signs then YOU are facing insolvency...YOU MUST ACT.

So read the contents below and if they become familiar – talk to us soon.

More detailed warning signs are laid out in each main section of the site under Companies; Partnerships and Sole Traders

• Top Ten Warning Signs for Directors
  
  
• Top Ten Warning Signs for HMRC Debts
  
  
• Top Ten Warning Signs for Shareholders
  
  
• Top Ten Warning Signs for Creditors
  
  
• Top Ten Warning Signs for Banks

WARNING IF YOUR BUSINESS IS AT RISK CONTACT US NOW!