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Date: 9th April 2010
As trading conditions continue to be difficult, the directors and managers of many businesses feel they are being forced to take radical steps to keep going. Sometimes, even though these actions are not deliberately intended to be malicious or designed to rip others off, business owners or managers can easily and often unintentionally ‘cross the line.’ This though could be deemed as criminal conduct warns Mark Wilson, director of leading Midlands business defence firm Cartwright King which will have serious consequences.
When a business is under pressure it is important to know whether you may have crossed the line or be tempted to do so. However for any entrepreneur there is a tendency to carry on regardless and become ever more creative - but the problems only multiply and compound.
“In my experience of representing such business people, with the benefit of hindsight, there is always an identifiable point at which the line was crossed,” said Mark. “Everyone knows in their heart that they are being driven close to the line but they lose the ability to be objective about the real prospects of this working out. Unfortunately at some point someone – a creditor, liquidator, ex-employee or industry regulator - has had enough and blows the whistle but by then it’s too late.”
According to Mark when the line may have been crossed it is important to seek confidential, expert advice about what to do. Criminal sanctions can then be avoided. Even if the line has already been crossed, early advice and guidance can make all the difference to the eventual outcome.
Cartwright King are running a series of clinics which give business people the opportunity of having a free, confidential chat with one of their specialists about the problems that they are facing.
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