CFO Slade undertook a high-level analysis called Project Eagle which ultimately found that the HMSSE business model was flawed and the company as potentially trading whilst insolvent.
A meeting was called on March 7 in which Slade thought the team would be told the Ames family had agreed that the company should go into administration.
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But instead, the directors of HMSSE were told that there was no reason to put the company into administration and Slade was sacked with immediate effect.
Ames, of Brock Hill, Essex, denies three counts of fraud by abuse of position.
The trial continues.
Court report by Connie Dimsdale at Prospero House
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