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| Topic: |
Business
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| Number of pages / Number of words: |
18 / 4779 |
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If we allow the problems to progress, the past experience suggests that a turnaround is far more unlikely and the results can be devastating for the company, the directors, the staff and the creditors. We think the following signs can be used for reference in judging whether the company has such problem or not...
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No one sign is conclusive evidence of the coming insolvency, but if some of them emerging at same time, we shall have reason for concern or suspicion.
- The company announces it will be using a new accounting firm or has developed a new banking relationship.
- A management dispute surfaces in public...
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