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.
For more information on an IVA, we offer an initial free consultation to review the situation and make recommendations on the best way forward. If we think that an IVA is the best route forward, our specialists can support you at every step of the way through the process. 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