Insolvency is a serious matter, which can have far-reaching consequences. There are several factors that can help a company identify if they are headed for insolvency. These include:

• Disorganised (or non-existent) accounting procedures
  
• Incomplete and/or misleading financial records
  
• Poor cashflow
  
• Continued loss-making activity
  
• Accumulating debt
  
• Defaults on interest or loan payments
  
• Outstanding creditors of more than 90 days
  
• Judgement Debts
  
• Difficulties in obtaining finance, investment, and loans

If you’re experiencing any of these issues, Condon Advisory Group can help you resolve these
matters as quickly as possible.