What is Administration?
Administration is available to a company or partnership that is insolvent.
Administration is designed to deal with situations when there is an urgent need to protect the value of a business from enforcement action by unpaid creditors allowing a viable business breathing space to regroup and implement a survival strategy.
Administration is a formal insolvency process which puts an immediate ring fence around the company and its assets so that no creditor can start or continue action to recover their debts.
If your company is in debt and being pressurised by creditors who are threatening legal proceedings or have issued a winding up petition, then seeking the protection of Administration may be the best option.
It’s important to speak to people who can help as early as possible. We have experienced teams who can help you and work with you to achieve the best outcomes for you and your business. For a no-obligatory chat, complete the form opposite, include a best time for us to call you and a Partner will be in touch.
Alternatively, book a convenient time for us to contact you