The Video Transcription:

I want to leave you with the famous quote in business troubles. The most famous liquidator in UK history was a guy called Sir Kenneth Cork. He wrote the Cork report on which the comprehensive 1986 UK insolvency legislation was based. He was once asked what’s the first sign of a company about to go into liquidation. He answered as follows: “The first sign of a company about to go into liquidation is when you pick up a copy of their annual report and there’s a picture of the chairman getting out of a helicopter at a brand new headquarters.” That’s the first sign of a company about to go into liquidation.

Therefore, the moral of the story is: “Be flash with your deposit account book and not your BMW”.

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David Murray

David Murray

David is a fully and Highly Qualified Financial Accountant with an unblemished record for almost 30 years.

David has an extensive Academic Record including, inter alia – Gold Medal College of Commerce – First Place Chartered Accountancy (ROI) – Fastest Graduate to Qualify.

David has written many articles on International Trade Finance in Magazines and Sunday Business Newspapers. In addition, has been Late Late TV Show Tested on cases referred by them.

David has extensive Business Experience particularly in Property, Construction, Manufacturing, Equipment, Telecom, Service Companies, SME Sectors in Ireland, UK, Dubai, Poland, etc., Agent in Ireland Bank of Iran, Plc Bank Seminars “Finance for Builders”, etc., etc.

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