It would be best to have a quiet word with someone who knows.

Overdrafts are unsuitable for long term finance as they are repayable on demand. The fact that a bank has given the facility is a sign that the bank at least has faith in the company. I do not know what business the company is involved in but if they are, for example, importing and distributing then a large order would be needed to get the best rate with the supplier so a £100k order might be placed twice a year to generate £300k in sales and an overdraft would be a good way to finance this.

I'm currently working for a company that has less than £600,000 turnover for the year yet has over £100,000 in overdraft. Then yesterday our directors met with an insolvency expert, so I'm trying to figure out if I'm going to have a job much longer, or if the insolvency expert just came in for advice and there is still some hope. Does anyone know if this amount of overdraft compared to turnover is a definite sign of a company going bust?

Thanks!!