Is one of your clients in the twilight zone?

The ‘twilight zone’ is commonly used to describe a period of trading when a company has, or is predicted to have, insufficient cash to pay its debts as and when they fall due.

This period continues until a business is put back on an even keel, potentially as a result of a restructuring or turnaround process.

During the twilight period, directors must act with great care as failure to do so could result in a claim for wrongful trading or misfeasance, putting personal assets at risk.

Click here to read our detailed factsheet.


Michael Finch

Related links

Restructuring & Insolvency