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Insolvency: The Warning Signs

There are a variety of signals that your company might be in financial trouble including problems paying liabilities (including VAT and PAYE), always exceeding its overdraft limit, problems obtaining new credit etc. 

It is highly advisable to seek professional advice from an Insolvency Practitioner since directors’ can sometimes be held personally liable for the debts of a company.

Please note that the above is provided for illustration purposes only and comprises a short view of extremely complex insolvency and other legislation. This is a complicated area and specific advice must be sought before undertaking any course of action or before refraining from any course of action. Gore and Company takes no responsibility for any loss incurred to or by any person who either acts or refrains from acting on the basis of the above or of any other item published on this website. The above note may not be reproduced without the prior written consent of Gore and Company.

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