Common warning signs include persistent cash flow shortages, difficulty meeting payroll or supplier payments, pressure from lenders, declining sales with no clear recovery plan, or director disagreements about the way forward. If you find yourself avoiding calls from creditors or relying on overdraft facilities just to trade day-to-day, it’s time to seek advice. External advisors bring objectivity and experience that internal teams often lack during stressful periods. Most advisory firms offer a confidential initial consultation, so there’s little risk in making that first call sooner rather than later.
