Other Warning Signs
|Dealing with an employee tribunal||These do not necessarily occur because of insolvency but they can cause a company to become insolvent if there is a large pay out.
By not setting up proper employee contracts, employee tribunals can be an un-welcome occurrence sometime in the future.
|Reliance on one key customer||Having one main customer is not a bad pressure but it does mean that without them you may not have a viable company.
What would you do if they stopped purchasing your product/service? How would you continue to trade without their business?