When a client wants to borrow their way out: what accountants should ask first
When a business wants to borrow their way out, the real question isn't whether they can get the money, it's what happens when they can't pay it back. This article looks at what changes once a personal guarantee is on the table, what directors need to show under sections 135 and 136 of the Companies Act, and five warning signs it's time to bring in an insolvency specialist.