28/05/2024
https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/what-to-do-if-your-company-is-insolvent/
If this is the case I would suggest to reach out too us before going to the insolvency accountants as they make their money from you going into Administration we make our money by making you profitable!
Your company might be in financial difficulty if it has ongoing losses, poor cashflow, unpaid creditors outside usual trading terms and problems obtaining finance. Other signs include: