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Wrong. There are a number of common scenarios where a director's personal assets may be at risk if a company falls into some sort of formal insolvency procedure. The most common ones are continuing to draw dividends from a company long after its profit reserves are exhausted, or trading on for too long after it's clear that the company has no reasonable prospect of recovery. The most important word in the above paragraph is "may". This is a complex situation and you therefore must speak

Our Cartoon

Despite being from North Cumbria, Dodd Rescue are nationally recognised and regularly asked to contribute to speaking events and exhibitions.

This animation was designed to raise the firm’s profile at these events and perhaps show the modern face of professionals which is a world away from the out-dated “grey suited” cliché. The short films also mean that with the increasing use of social media, Dodd & Co as a firm is able to reach a much wider audience.

We hope you enjoy the cartoon, you might even spot a few familiar faces!

To view cartoons from Dodd & Co’s other specialisms visit our YouTube channel.