If you are a director of company – or aspire to be one – then you need to understand the rules which govern how companies get wound up or closed down.
This is a very complex area, so thanks are due to Portsmouth Football Club for their public problems as it helps us all understand the issue at the the critical point of putting a business into adminstration etc…
And thanks too to BBC journalist Mark Slater for laying out the issues to helpfully at http://www.bbc.co.uk/blogs/mattslater/2010/02/portsmouth_fc_in_crisis_qa.html
