Insolvency warning signs

Our insolvency law team provide confidential, objective advice where our goal is to turn your business around, retain its value and avoid formal insolvency action, for advice contact us on 0203 816 9303, alternatively please complete our online enquiry form and a member of the team will contact you directly.

Seeking independent advice early from a specialist legal firm like Stephensons will ensure you have a realistic assessment of your situation.

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The signs

It is important that businesses and individuals recognise the warning signs of insolvency and act on these as early as possible. This will ensure you have more options available to you. If any of the following warning signs are familiar to you and your business you may benefit from speaking to a member of our insolvency law team, call us on 0203 816 9303.

I have already made significant cuts but am still concerned about cash flow
My overheads are becoming increasingly unmanageable
Our sales are slowing down
We are significantly short of our projected results
I have a personal guarantee for the bank lending to my business
Margins are dropping while competition is increasing
I am worried about paying the HMRC or my VAT bill
Customers are taking longer to pay their bills and I have unpaid accounts
I am finding it difficult to pay creditors on time and stretching the credit terms
I am using one credit card to pay another and am only meeting minimum repayments or less each month
I have been served with court papers in respect of debts

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As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.