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Warning
Signs Introduction page
We
have re-produced here some of the warning signs that (as
a director, shareholder, banker, accountant or advisor)
you should consider when things get tough.
Very
few directors set out to manage insolvent businesses. Whilst
this is an obvious statement, it is important to stress.
Few SME companies have all of the necessary skills in all
levels of the management of the business to cope with the
huge burden that insolvency can place on a company. Most
businesses need help in specific areas of operation - accountancy
and financial reporting, sales and marketing, HR, production,
general management, strategic planning and corporate governance.
It
is KSA's strongly held view that we must help the management
focus on the issues that the company faces, identify and
agree weaknesses in the board and management and set strategies
for change that are essential for the survival of the business.
It
is also apparent in most distressed companies that we see
the management expend a large proportion of their available
time on fighting fires. Focus on their specific roles
and delivery of performance targets are rarely achieved
when poor cashflow is constantly the main issue in each
day.
So
read the contents below and if they become familiar - talk
to us soon.
Directors
Warning Signs
Shareholders
Warning Signs
Creditors
Warning Signs
Bank
Warning Signs
Crown
Warning Signs
Other
Warning Signs
More
detailed warning signs are laid out here
on our sister web site. Go there if you need to remind
yourself of them.
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