“Keep your records in order. That’s the basis for every good decision and your best protection.” — Cathy Shivnan, Director of Insolvency Supervision, Corporate Enforcement Authority

In this episode, Elaine Carroll talks with Cathy Shivnan about spotting financial red flags early, understanding your legal duties, and choosing the right rescue route.

Highlights:

✨ The red flags you can’t ignore: sales slide, aged debt, supplier strain, rising costs, cash-flow squeezes.

✨ Monthly management accounts vs year-end: why “rear-view” finance puts you at risk.

✨ Directors’ duties in plain English, especially when insolvency risk appears.

✨ SCARP vs Examinership: which suits your size and the “reasonable prospect of survival” test.

✨ Restriction vs Disqualification: what they mean and how to avoid both.

✨ First steps when worried: pull the numbers, assess solvency, get specialist advice, act early.

👉 Tune in for practical, no-nonsense guidance to protect your business and yourself as a director.: