TLDR
When your business goes insolvent, it means that your debts outweigh your assets. This means your company is not able to pay its debts when they are due. An experienced insolvency practitioner can help you through the process. Here are some of the warning signs that your company could be heading for trouble. Any sign of dwindling profits should be taken as a step towards becoming insolvent. If your margins are being squeezed, this suggests that your costs and expenditure are too high and the sale of your goods is too low. Any cut to dividends are a clear sign that trouble lies ahead.via the TL;DR App
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