Impending insolvency can be clear as day but the formal insolvency proceedings can cause a little more uncertainty.
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Insolvent building firm 'was credit risk for over a year' The Cuddy Group has not filed accounts with Companies House since 2016 so a more recent picture of the family firm's financial position had not been clear until now. The directors of the firm also took dividends out of the company in 2013/4 and 2014/5 despite it making a loss but did not take anything out in 2015/6 when it made a profit.