As a director, you hold a unique position in your firm. Directors are required to balance the needs of all stakeholders in a business, in particular, the shareholders, employees and creditors.
Directors have fiduciary duties to ensure that the company has the means to pay its debts, by remaining solvent. Should the company become insolvent then it is imperative that the directors take immediate advice. Failing to do so and instead continuing to trade as normal could have serious ramifications that could come back to bite you.
No matter what the reason, if you are experiencing financial difficulties the key is to seek early professional advice.
The SFP Group has been voted the best business recovery specialists in the UK by the Business Moneyfacts Awards over the past 5 years and are experts at helping you find a solution which works. Fill in our call back form or call us now on 020 7538 2222.