Welcome to ScotDebt for Business
If your company is experiencing cash flow difficulties e.g. paying suppliers late, falling behind with HMRC, and chased customers for payment, perhaps you should ask whether these issues are manageable or an indication of serious underlying financial problems.
A key step is to establish whether your company can meet its liabilities as and when they fall due in the normal course of business. If the answer to this question is “no”, your company may be insolvent and is one of the definitions of apparent insolvency in section 123 of the Insolvency Act 1986.