There can be an immense amount of pressure on directors when deciding what is best for their company.

If you are a director and you realise it is in financial difficulty, then you need to act immediately. You should seek advice from an Insolvency Practitioner, like RP Consulting, as there are usually more options available to the company at the early stages of a financial crisis.  The earlier you seek advice and an intervention. The more chance there is of the business surviving.

It is also worth considering that in certain circumstances, if you continue to trade the company you could become personally liable for its losses and could also be disqualified from acting as a director of any other company. That is another reason why you should seek professional advice Without Delay.

Contact RP Consultancy today to see how we can help by calling 01 5252142, or by filling out the Contact Us Form.