If you need our business rescue and insolvency advice, it is always helpful for critical information to be made available in advance of any meeting.

This list includes:

• Sales ledger, showing how much is owed to you, by whom and how old the debts are.
• Bought ledger, showing who you owe money to, how much and the ageing of these creditors.
• Bank and/or factor. What is the exposure, do these providers have the directors' guarantees, is there equity in the sales ledger where it is factored and extent of bad debts.
• Customers. Do you have these relationships on contract?
• Position of PAYE and VAT. Is this up to date and, if not, what is the extent of arrears?
• Have directors given personal guarantees and, if so, to whom and what is the monetary value attached to these?
• Trading premises. What is the status of these, eg: leasehold, informal tenancy, freehold etc?

We have an extensive list, but this should give you an idea of the sort of information we will require for initial advice.