What are the risks of company insolvency?
Here at Baxter Ramsay, we will not rush you into making any rash decisions when it comes to company insolvency and its aftermath including a potential winding up order. We will review your own individual company situation in detail and provide you with all of the options currently available on the financial market. We also make sure you and your fellow directors are fully aware of the pros and cons of each option so you can make an informed decision on how to proceed. We make sure you are treated with fairness, dedication and the respect due to a company in your situation as well as your status as a professional institution. In addition to the company being wound up there are a number of areas we will discuss with your directors. These include:
- A review of the directors’ conduct whilst the company was trading
- Any wrongful trading found will be reported to the Company Insolvency Service, which on some occasions, could result in a director being banned for a set time period.
- Any debts that are covered by a director’s guarantee or other personal security
We can evaluate all of the potential risks for you during our consultation which will allow you to choose the best solution for you and your business. Baxter Ramsay will take you through the whole process, from enquiry to completion, with as little stress and upheaval as possible. For a free consultation please call us today on 0141 332 0272.