I recently took on a role at a Construction firm, given the nature of the business all the money comes in at the end of the project.
The cashflow has not been properly planned and now various suppliers are taking legal action to attempt to recover funds.
Having never experienced this it feels like a cosntant tidal wave of pressure that won't abait. I'm wondering at what point it will all fall apart. as every week seems to be a miracle of straining suppliers.
My real question is at the point of being served a windup order, what happens to the directors, is it a case of liquidators managing everything? If the company has no assets how do liquidiators get paid?