Small Business Insolvency

Company closure > Insolvent company > Small business insolvency

SMEs are a fundamental building block to our Country’s economy which is why lack of funding and support is always hard to understand.

Our firm deals only with micro, small and medium sized companies who are seeking professional help and advice due to unforeseen circumstances with their Business.

Understanding Insolvency

A Company is deemed Insolvent if either or both of the following statements are true;
  • The Company’s liabilities are greater than its assets on the Balance Sheet
  • The Company is no longer able to pay its debts as and when they fall due

In any situation where a Company may be struggling financially it is often the case that, as a Director, you continue to trade in the hope that things may pick up and turn around. During this time the situation may worsen and you can no longer see a way out. At F A Simms & Partners we will review your Company’s situation and ensure that you understand all of the options that are available to you.

We would welcome the chance to be able to help you! Contact us today for free confidential advice.

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