Google not a popular tool where you are?
But of course I know what you are trying to do lol but here is the term and it applies perfectly to Axiom KB, mate
http://moneyterms.co.uk/technical-insolvency/
Technical insolvency
If a company (or person) is technically insolvent that merely means that it has a negative
net asset value; its liabilities are greater than its assets. The significance of technical insolvency depends on circumstances: it may be an indicator of serious problems that may lead to actual
insolvency, or it may be perfectly acceptable.
It is perfectly possible to be technically insolvent, while still being able to repay debt. It is also possible to be technically solvent and unable to repay debt. This is because technical insolvency is based only on the
balance sheet and ignores
cash flows. In addition
book value is very different from resale value.
A simple example of technical insolvency that does not lead to actual insolvency would be an individual who has
negative equity in a mortgaged property, no other assets, but an income sufficient to keep up with the mortgage repayments. A business might become technically insolvent through similar falls in asset values, or through heavy expenditure that cannot be capitalised such as
research.
Conversely, a company that is technically solvent but which is no longer profitable may well become insolvent. The resale value of assets is often much lower than their book value. In some sectors, such as banking, it is often useful to consider whether a company would be technically solvent if all assets were fully
marked to market.
Legally, technical insolvency in itself presents no problems (in the UK). An individual can only be declared
bankrupt by a court at the request of themselves or an unpaid creditor. A technically insolvent company is free to keep trading as long as the directors reasonably believe that the company will be able to pay its debts, and, again, as long as an unpaid creditor does not use the courts to force a
liquidation. Of course, the state of the balance sheet does have a lot of bearing on what the directors can reasonably believe!
