Electronics Industry: Avoiding Insolvency
One of our partners was asked to assist the board of directors of an electronics company that had identified a downturn in business. We were asked to undertake a business review and to monitor the position of the company on a ongoing basis.
Gore and Company assisted the company in developing and executing its turnaround plans.
Our specialist expertise was useful in ensuring that the board of directors, while undertaking corrective action, understood their obligations in respect of wrongful trading or trading whilst insolvent.
The result is that the company is, once again, trading successfully.