Consequences of Inaction | Silke & Co Limited

Consequences of inaction

If a company doesn’t take hold of a situation before it spirals out of control there could be very costly consequences that the company may not be able to recover from. This is when the situation can become uncontrollable and leave creditors with the option of taking legal action against the Company, which can result in a winding up petition being issued against the Company, which if not dealt with could lead to Compulsory Liquidation.

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