Failing signals: businesses in financial trouble
The Failing family covers businesses in financial trouble: formal insolvency, missed filings and action to remove a company from the register.
Signals in this family
- In administration
- In liquidation
- Voluntary arrangement
- In receivership
- Accounts overdue
- Proposal to strike off
- Dissolved
Who finds it useful
Examples: insolvency practitioners, debt recovery firms, credit controllers, invoice finance and factoring providers, distressed-asset buyers and turnaround advisers.
What it does not mean
A solvent wind-down is not failure, which is why it sits in Changing, not here (see Solvent wind-down). Overdue accounts are often an abandoned company rather than a trading one in trouble.
How to use it
Use the in administration, in liquidation, overdue accounts and striking off pages, or the status filter in the established-company search. Handle these contacts with care: the business may be in a formal process.
Not sure how a family fits what you sell? See Signal families and Does a signal mean they will buy?
Related Articles
Signal families: the five lenses on a company
Signals are grouped into families so you can start from what you sell.
How signals work: dates, "new" and history
Each signal carries two dates, and recent ones are shown as new.
New signals: businesses that have just started
New covers businesses that have just started.
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