BUILDING AND CONTENTS SECURITY
UK companies are facing financial difficulties as a result of coronavirus (COVID-19). The UK Government has ordered the closure of pubs, restaurants, gyms and schools. Shops are closing and the private sector is largely in hibernation. Many businesses will find themselves in financial distress, particularly concerning Insolvency.
Although there is no definition of ‘insolvent’ in the Insolvency Act 1986 (IA 1986), a company may be wound up by the court if the company is unable to pay its debts.
Great Guard security can help the insolvency practitioner keeping the company operational by guarding goods, restricting access, deterring wrong trading and maintain accurate record of the company’s goods.