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Disgracefully premature decision, there was still plenty of money to be made down the docks.

The main fault lies with the company's Board of Directors who ran their business into the ground, but what bothers me is the lack of expertise of Government Ministers to evaluate whether something is right or wrong. Chris Grayling is a History graduate from Cambridge University. He did a bit...

What is being described here is insolvency, i.e. the inability to discharge the liabilities of the company as and when they fall due. Clearly, the company was wrongfully trading, i.e. insolvent but desperately hoping that things will improve even though they continue to spiral downward. In...