Elaine Wilkins, from Antony Batty & Company, said directors often find themselves in a cycle of liquidation and business restart.
She said: “‘What am I going to do for work if I have to liquidate my company?’ is a question I am frequently asked by directors seeking to start anew after a liquidation.
“I always advise them that without significant changes, the risk of another liquidation remains high.
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“They must do things differently.”
Elaine advises directors to seek professional advice and support, surround themselves with a team of experienced professionals and learn from past mistakes.
Accountants, legal advisors and business…
