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The UK economy continues to face a multitude of challenges. Political uncertainty and a fast-evolving economy cause turbulence and cash flow pressures. Accountants have a key role in diagnosing issues and advising when a business faces decline. Experience confirms that: - 

• The sooner the potential risk of insolvency is detected; then 
• The wider the remedial options; and thus
• The improved prospects of optimum outcome, which can mean preserving all or part of a business, 

In that context, accountants are trusted and experienced advisers.  An accountant is often the first call for any director when business declines. The right advice – including when to consult other professionals – can mean retaining the client. 

This course will aid you in identifying factors, which can lead to business failure.   and help you spot the early warning signs. 

In this course Howard Roberts covers the following topics:

• Five golden rules of business – practical tips and good habits; early warning signs
• ways to rescue a company – improving existing systems (to include updating KPIs), fresh investment, turnaround management, arranging time to pay schemes, insolvency specialists.
• fiduciary duties owe by directors – including the duty owed to creditors as from the “twilight” solvency period – the Sequana decision as applied in Hunt v Singh    
• the different types of formal insolvency and different entries/exits. Assessing creditor claims.
• the accountant’s role in a formal insolvency - how to support the process and your client. Having a full overview promotes acting with integrity and ethically, even in tough situations.