Trading while insolvent isn’t just “having a bad month.” It means your hospitality business can’t pay its bills when they fall due, and if you keep trading without a plan, the consequences can get serious fast.
Book a Gameplan Session → https://foodiecoaches.co/yt-bac
In this episode, Tim Kummerfeld sits down with Timmy Niesler from FC Accounting Co. to break down what insolvency actually looks like in hospitality and why so many owners leave it too late before making a decision.
They cover how to recognise when your business is becoming insolvent, the risks of continuing to trade while losses and debt keep building, and what options you may have to regain solvency before the situation gets worse.
They also explain why tax planning still matters when you’re losing money. Sometimes seeing the real numbers is the wake-up call you need to finally change direction.
The message is simple: know where you stand, understand your options, and act before the problem becomes impossible to ignore.
Book a Gameplan Session → https://foodiecoaches.co/yt-bac
00:00 What Insolvency Actually Means 02:20 The Risk of Trading While Insolvent 03:30 How to Regain Solvency 04:00 Why Tax Planning Still Matters 05:20 Accounting and Structure Mistakes 08:00 Getting the Right Advice Early 11:00 Planning for the Bigger Picture
Follow along: Foodie Coaches https://www.instagram.com/foodie_coaches/ Tim Kummerfeld: https://www.instagram.com/tim.kummerfeld/
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