Directors’ Responsibilities and Duties

A client may come to you with concerns about the future viability of their business brought about by matters that may be within or outside of their control.

At such times it is often difficult to determine the solvency or insolvency of a business simply by reference to historical financial statements. It is vital that directors of companies in this situation take timely, independent and expert advice to ensure that they do not fall foul of insolvency legislation in the event of the subsequent failure of the company.