Directors: Watch Your Liquidity and Solvency!

Nothing is more demoralising than running into financial difficulties. Suddenly all your energies are focussed on survival rather than growing the business. The fun goes out of the organisation, rumours of retrenchment flourish and if management aren’t careful, the rumours can become self-fulfilling. The importance of liquidity and solvency ratios Since the “new” Companies Act …

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