When the managing directors of a business see looming signs of them not being able to pay their debts in the near future, one of the things they should do is not to allow the business to trade. There are so many independent firms that offer business insolvency advice for small business problems and may well get the company out of that financial difficulty. The first advice that will be given is for the business to halt all their trading if they will not want the business to be liable for the debts that will accumulate from that time henceforth. The managers will be advised to do the following:

• To ask for regular reports regarding the current state of the company’s accounts.

• Have the annual returns posted

• See whether the large consumers are able to solve the issue of cash flow

• Have a schedule of how things are to take place