Administration is a legal process that protects a company whilst it is in insolvent. The Court will appoint an Administrator like us on the application of the directors, the company itself, creditors or the bank.
Administration is usually applied for when companies are under severe financial pressure and need protection and time to consider their options. The outcome of an Administration may be a return of the company to the directors once it is stabilised, a sale of the business or a more organised wind down leading to eventual liquidation.
Click on the following articles to find out more about the different administration options available to businesses.