Wrongful Trading

Wrongful Trading

When a business hits hard times it can be difficult for those involved to accept the warning signs and act appropriately.

Businesses that continue to trade amassing debt and fail to recognise financial difficulties, can risk allegations and investigations of wrongful trading.

The consequences of wrongful trading can be severe, with Directors personal assets at risk and the possibility of having to make a personal contribution to company assets to make up any shortfall owed to creditors, as well as even triggering insolvency proceedings before they may have been necessary.

If your business is facing charges of wrongful trading we can assist with swift and effective guidance. Our team will work with you to assess your options and create a defence strategy to represent your case at Court. We have a great deal of experience in financial law and can provide help to businesses facing financial crisis and support for the aftermath.

For more information please contact

Wrongful trading does not automatically result in insolvency; there are now a variety of ways in which to approach an insolvency case, but seeking legal advice as early as possible is always the best option.

We can assist with some of the following areas;

  • Assessment and guidance
  • Insolvency and financial crisis advice
  • Court representation
  • Protection of personal assets
  • Guidance on administration and winding up procedures
  • Minimisation of liability
  • Assistance with litigation and claims

For more information on how we can assist please contact

Useful Guides

Wrongful trading & financial difficulties
Wrongful trading & financial difficulties

Whilst wrongful trading may seem easy to define, the reality is often very different. There are many reasons why a company may find themselves facing charges of wrongful trading. Wrongful trading and fraudulent trading are often confused, but there is a key difference and this is the presence of dishonesty. Wrongful trading is defined as when a business is facing financial difficulties but continues to trade, amassing debts hoping that matters will improve. Whereas fraudulent trading is where a company trades knowing that they will not be able to pay creditors, but continues to do so anyway. Fraudulent trading is far more difficult to prove, as the prosecution will be required to refle...

Contact Us
Latest Tweets

More Stories

    • Our staff describe the Taylor Rose TTKW culture and what the company APP initiative means to them.

    • Our team describe their most interesting experiences and successes working at Taylor Rose TTKW.

    • Rebecca Bridges discusses the immigration issues businesses face and her role as a commercial immigration solicitor at Taylor Rose TTKW.

    • Commercial Property Solicitor Navead comments on his role in the department and what makes us unique as a firm.

    • Two of our property team leaders explain their future plans for the teams and the working environment at Taylor Rose TTKW.

    • Taylor Rose TTKW training and development co-ordinator Helen outlines her role within the firm, her training methods and the most rewarding aspects of her role.

    • What makes us different from other firms? Our head of employment explains what Taylor Rose TTKW has to offer.

    • Our family solicitor discusses why family law is so important, his role in the department and his most challenging cases.

    • Our firm describes who we are, how we work and what makes us different.

    • Our financial team describe who they are and their journey with clients through the financial planning process

    • Why do so many of our customers return to us again and again? Find out here.

    • No time to visit a solicitor? Why not try our online legal services instead.

    • Adrian Jaggard explains how we began and why Taylor Rose TTKW continues to succeed.

    • Our head of private client describes her role at Taylor Rose TTKW and the customer journey.

    • Interested in working for us? See what our staff have to say about life at Taylor Rose TTKW.