Credit Score For Dummies

We are often asked the question “When should a company shut down”. If you are a company director looking for a bit of advice because your business is now insolvent, you have come to the right place. I have helped many company directors take the right steps in either closing or liquidating a business or pre-packing a sale and starting again.

Firstly if your company is insolvent or is likely to be you have a duty as a director to close the company and not incur any further debt, unless you can be pretty sure that you can put in place a rescue plan to turn that business around.