When to start talking to insolvency practitioners
Many businesses fail because they have missed the warning signs that could have sparked action to prevent disaster.
Accountants in business, as well as many accountants in firms (and indeed accountancy firm management) are not insolvency experts - it's a specialist area. For a variety of reasons, accountants are not picking up on the signals. So what are the tell-tale early indicators that should set their accountants’ alarm bells ringing?
Carl Bowles, an insolvency practitioner with Carter Backer Winter (CBW), explains.