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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

Dodd & Co Chartered Accountants

Dodd Rescue is a part of Dodd & Co Chartered Accountants.

Dodd & Co offer accountancy and taxation services to a wide range of different clients with specialisms in a whole host of different sectors from farming, to healthcare and everything in between.

Established for over 30 years Dodd & Co have the experience and expert know how to help you with your accountancy and taxation needs, whatever they may be.

We can help with all aspects of running your business from ensuring that you have the correct business structure, helping to ensure that you have an efficient bookkeeping system, advising you how to obtain maximum tax relief and advice on how to grow your business and expand. No matter what your business, we have the expertise and experience to deal with it so give us a call and come in for a chat.

Visit our website to find out more.

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