Though we are now four years on from the height of the covid pandemic, the Insolvency Service has been diligent in bringing justice to those directors who took advantage of government support schemes for their own financial gain. With 831 directors...
More than 100,000 businesses in the UK fail each year. Many directors can find themselves at the helm of distressed businesses through no fault of their own. When operational problems and external parties start to dictate how your business operates, it can be difficult for directors to regain control of their company.
If you fear that you may be operating a distressed business, the first thing you should do is seek help and advice from the experts. It is important that you take the right steps, as quickly as possible, as it could mean the difference between a rescue for your business or closure for example by a winding up order.