All
Thank you for your replies- I will certainly consider what you have said.
Brendan - I totally agree with your statement re trading while insolvent; I believe this would come under wrongful trading. When you say that Your liabilities as a director cannot be limited by the the articles, the Companies House template for Articles of Association for companies limited by shares states
2. The liability of the members is limited to the amount, if any, unpaid on the shares held by them.
Does this just refer to financial liability, as opposed to other ones? I can take out Director's insurance to cover these I think
Thanks again for any help - I have not been a director before so your advice is very useful
Steve