Averden Advisory · Editorial perspective
Most businesses that get into serious difficulty show warning signs well in advance. Recognising them early gives directors more time and more options.
Common signs include persistent cash shortfalls, stretching supplier terms, missed statutory payments, falling margins, reliance on a single customer, increasing overdraft use, management time consumed by firefighting, delayed financial reporting, staff turnover in key roles and lenders asking more questions.
None of these on its own means a business is failing. Several together suggest it is time for an objective review. This article is general information, not personalised advice.
This article is general information and is not legal, financial or insolvency advice. Please seek advice on your specific circumstances.
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