FS thanks for your reply.
However, if you have cash in hand to cover the potential shortfall you are not insolvent and therefore will not go out of business.
cash in hand to pay the creditors is only relevant when the company is wound up or in administration.
If there is enough money to pay the creditors then the business is not insolvent at all.
If there is cash in hand to the tune of £830K then there is no shortfall.
If there is 1.6 million then the shortfall is covered for the next 2 years etc etc.
yes there will be next year when all the cash in hand is gone, but not this year.
more than happy to CONTINUE to donate MORE of my money to the vulcan when i know where my money is going.
regards
Geoff