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The best advice I can give directors

The best advice I can give directors

Take professional advice from a licensed IP and act on it.

If you think your company is insolvent then take steps to seek professional advice from a licensed insolvency practitioner as soon as possible.

They will guide you as to whether administration is the best option and if it is they will help you to place the company into administration.

You will have to work with the IP so make sure you feel comfortable with your choice and confident they are experienced, skilled and have the resources to do what’s best for the company.

If in doubt seek a second opinion and then act quickly on the advice you’ve been given.

David Kirk ACA FABRP

David Kirk

David Kirk is a Chartered Accountant and Licensed Insolvency Practitioner.
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Business Renewal
“You made a very difficult time much easier for us.”
R Johns
Business Renewal
"It was a very difficult decision to make to go into Administration but now I am so glad we did it. David and his team were great thank you."
Jacci Dellaway of Baylift Services Ltd
Business Rescue
“At the initial meeting you told us the good and bad things that can happen and were honest and told us to watch out for. No one else had done that.”
J White
Business Rescue
"David Kirk helped us with an Administration to rescue the business. He did exactly what he said he would do. It has worked out very well."
Chris Pratt of Elecsis Ltd
Business Recovery
"We were cornered and thought it was the end of the business after 20 years but he got us out of it."
Lynne Firman of Just Beds Ltd