If the company is insolvent (net liabilities on balance sheet or unable to pay its debts as they fall due) then insolvency law requires the directors to work in the best interests of creditors. In addition there is a host of director duties set out in The Companies Act(s).
We can help directors navigate through these and avoid personal liability and other sanctions including:
don't fall into the insolvency trap. Let us navigate your way as your trusted advisor
Contact us today on 0800 331 7417 and speak with one of our experienced insolvency professionals for tailored advice.