. Directors must make an early decision on whethert the business is insolvent. Directors must make an early decision on whethert the business is insolvent. Failure to do so may result in the directors having to contribute personally to the company's losses and be heavily investigated by the Department of Industry (DTI). Deciding whether to cease trading can be a huge problem. The director of a company which is facing financial difficulty should ensure that there is a reasonable prospect that the company will not be insolvent before being party to any decision to trade on. The director of a company which is facing financial difficulty should ensure that there is a reasonable prospect that the company will not be insolvent before being party to any decision to trade on. The director of a company which is facing financial difficulty should ensure that there is a reasonable prospect that the company will not be insolvent before being party to any decision to trade on. Running a company today can be volatile and it is likely that a number of companies will run into financial difficulty. Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. The director of a company which is facing financial difficulty should ensure that there is a reasonable prospect that the company will not be insolvent before being party to any decision to trade on. Directors must make an early decision on whethert the business is insolvent. Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. Under UK law, if a company is trading.
Directors must make an early decision on whethert the business is.
