How can you tell when a company is about to go out of business?

Fuel cards are cut off

Paychecks late, or bounce

The best one is when the mistress of the company owner comes to the front office and pitches a fit because her 'pay' check bounced!
Saw that once.
(His wife arrived seconds after the bimbo left)

 

They don't usually say a word , it's a surprise.
....if they are in bankruptcy it's posted on the web
because it's public record.
Last one I was with tanked and there was zero warning.

 

when they tell you to turn your keys in and expect your final check in 14-21 days (which ends up being never).

 

When you see the owner on the six o'clock news being toted away in handcuffs and his personal vehicle on the back of a wrecker.

 

What company you referencing

 

Not in stone unless you are tight with the gal in accounting.....but there are many obvious signs like:

Restricted fuel quantity to purchase
Iron against the fence needing parts
Degrading equipment
Customers ######## about aggressive / early billing / collections
late pay checks
Fuel card temporarily cutoff
Iron disappearing off yard
Shop / office employees disappearing

And the list really goes on......how's your freight? You busy or slow ?

Hedge your bet and start looking. Build a list of prospects and maybe do some paperwork and get the ball rolling elsewhere.

JMO

 

When a hedge fund buys your company.