Five Indicators of Financial Distress
In navigating the intricate landscape of business finance, recognising early warning signs of financial distress is paramount for proactive management. The following five tests serve as crucial indicators, signalling potential challenges that require swift attention. From overdue payments and legal entanglements to cash flow struggles and balance sheet examinations, these markers provide a comprehensive overview of a company's financial health. Timely recognition and remedial actions based on these tests can often prevent further complications and foster a healthier financial trajectory for businesses of all sizes. Overdue Payments and Legal Notices The business has either received a Statutory Demand or County [...]