A company is insolvent if it does not have enough assets to cover its debts or if it is unable to pay its debts as they fall due. There are various Insolvency procedures available for companies.
If you are worried about being able to meet bill payments and your debts, then please get in touch with our approachable team. We can advise on the best approach to take when winding down your company so that your interests are protected and you choose the most cost-effective solution.