Warning Signs of Financial Distress

Financial distress often arises because of a business having inadequate operating cash flow that impedes its ability to meet obligations. The business is likely to experience loss, breach agreements (to suppliers and consequently trading partners), encounter difficulty with shareholders and regulator requirements on compliance.


Leave a Comment!*

Related Posts

A Voice for Creditors…

Kenya has put its insolvency legislation to the test in several cases where various companies, such as Sameer Africa, Mumias Sugar, Kenya Airways, Nakumatt, Karuturi, East Africa Cables, East Africa…
Read more

Administration-Corporate Resuscitation

In our previous article, we discussed business turn arounds and the need to ensure that business rescue measures are taken quickly once the signs of corporate distress are evident. In…
Read more