If you are reading this and your company is insolvent, then it is likely the time to take advice is now. Do not leave matters until it is too late!
As a Company Director you have Director Duties and therefore you need to tread carefully as you owe a duty to creditors.
Wrongful Trading can arise when you trading whilst insolvent if you do not take every step to minimise loss to creditors. Have a look at the Oliver Elliot Wrongful Trading Toolkit to help you think about it further.
As a Company Director you still have Director Duties even though the company is solvent and therefore you need to ensure that you follow the correct procedures. You would not want to unintentionally to extract funds by way of illegal dividends and later have to repay them.
We can help you with solvent liquidation. Have a look at the Oliver Elliot Online Members Voluntary Liquidation. You can if you wish start the process of liquidating your company today online through a Fast MVL Liquidation.