Company Administration
The administration process is a highly successful recovery tool.
administration Advice
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Administration Process.
The administration process allows the reorganisation of an insolvent company while protecting it from its creditors, within the administration the company’s plans are formulating the rescue of the business and maximising the assets realisation to maximise the outcome for the company’s creditors.
Administration orders are a very powerful mechanism.
We can use this process as a very effective way of restructuring where the company has a viable structure, and subsequently exit the administration in a stronger financial position.
Get the Right Advice.
Pre-packs.
We arrange a number of pre-packed (per-pack) administrations. The pre-pack sale is where a off market sale of the company’s assets is lined up prior to the start of the administration process and then the administrator is appointed to conduct the sale. Any such sale must be approved by a professional licensed valuation agent whom we will arrange. If the sale is conducted following the correct legislation, this is a completely above board and legal procedure.
Any insolvency procedure will flag up numerous questions, concerns and worries so we believe the best and correct way of dealing with this is an informal meeting with no commitment with one of our experienced consultants so all of your questions can be answered, we find in a lot of cases more than one meeting is required.
A highly successful recovery tool
As a Director/shareholder you are able to purchase the business assets back from the administrator. We also have the contacts to arrange finance if required.
- If as the Director you have personal guarantees left after the administration process we are experienced in helping negotiate on your behalf.
- The administrator’s primary goal is to rescue the company as a going concern.
- Your customers/clients do not need to know about the administration process but this has to be handled carefully to protect your good will going forward. We help with the whole process from the old company to your new company with a fresh start.
- We can help you achieve the support from suppliers who are normally willing to continue to trade and get a return from the more secure trading relationship in the long term.
The administration process can be driven by the directors and the administrator maybe appointed by the directors.
Reduce the stress and pressure. To arrange an informal meeting call 01242 807 757 or request a call back.
Call us on 01242 807 757 to speak direct to an experienced consultant, or click free advice to request a callback
