There are many an insolvency definition that suits an inquirer.
For a director it is probably the time at which a director has to tell his family that there is a problem at work!
This is when the booked holiday can’t be paid for or the extension finished or even the mortgage can’t be paid.
This is the result of an insolvency definition in action.
It is when you can’t pay the bills on time and have run out of things to sell. Ouch!
If you think that your business falls into the insolvency definition category then call TaxGone on: 01302 815846 and we will see if there is enough time to put the clock back.