材料全屏five years ago, del and rod formed a limited company, trot ltd. the pair wer-凯发娱乐

five years ago, del and rod formed a limited company, trot ltd. the pair were the company's only directorsand shareholders. the company was initially profitable but started making losses in its third year. rodthought that the business should be liquidated at this point but del persuaded him that the business shouldcontinue. del continued to run the company but rod, although he retained his position as a director, decidedto focus his attention on another business venture.

trot ltd continued to make substantial losses, but del produced fake company accounts to hide thecompany's debts. eventually the scale of the losses became too large to hide and the company went intoliquidation.

【论述题】

state whether a company must be insolvent for the offence of fraudulent trading to be actionableunder the insolvency act 1986 and companies act 2006