材料全屏Five years ago, Del and Ro

材料全屏 Five years ago, Del and Rod formed a limited company, Trot Ltd. The pair were the company's only directors and shareholders. The company was initially profitable but started making losses in its third year. Rod thought that the business should be liquidated at this point but Del persuaded him that the business should continue. Del continued to run the company but Rod, although he retained his position as a director, decided to focus his attention on another business venture. Trot Ltd continued to make substantial losses, but Del produced fake company accounts to hide the company's debts. Eventually the scale of the losses became too large to hide and the company went into liquidation. 31 【论述题】 State whether a company must be insolvent for the offence of fraudulent trading to be actionable under the Insolvency Act 1986 and Companies Act 2006