An Irish company I'm a shareholder in is continuing to trade without filing a return (Over 6 months late).
I'm in the dark regarding the profitability of the company but believe it's probably close to insolvent or trading recklessly.
It's well over a year since I resigned as a director of the company.
One of the company's creditors is the bank and I have a guarantee signed for some credit given to the company 2 years ago.
I invested approximately 50K and very much want to recoup this back.
The 2 current directors send me occasionally (every 6 months) a cash flow sheet.
My hope is they'll trade out of it but the overdue return is a big worry.
Any suggestions please?
I'm in the dark regarding the profitability of the company but believe it's probably close to insolvent or trading recklessly.
It's well over a year since I resigned as a director of the company.
One of the company's creditors is the bank and I have a guarantee signed for some credit given to the company 2 years ago.
I invested approximately 50K and very much want to recoup this back.
The 2 current directors send me occasionally (every 6 months) a cash flow sheet.
My hope is they'll trade out of it but the overdue return is a big worry.
Any suggestions please?