Restructure Options

Restructuring A Company? We provide support and services for all the options you need to consider

Administration

Administration is a 'holding position.' which provides the company with immediate legal protection from its creditors. The objective is to devise a plan for the company resulting in a company restructure. 

There are many outcomes. that can be achieved on the back of placing a company into administration; including:

  • Company Voluntary Arrangement
  • Creditors Voluntary Liquidation
  • Sale of the business
  • Refinancing the business or its assets

At the point of putting a business into administration, an insolvency practitioner is appointed as an administrator and takes active control of all further future steps for that business. 

The company will be granted a moratorium. A moratorium halts any further legal proceedings being taken against the company at this time. 

One of the benefits of placing a company into administration is that as a director and with either personal funds or investment, you can purchase the assets and goodwill of the business and transfer any future business to a newly set-up company, known as a Pre-pack Administration.  

Why would you consider administration?

  • Gives immediate protection from creditors
  • Provides the director(s) with time to devise a plan of action to solve the business issues

In the event of a business not being saved or restructured, liquidating the company will then be considered. 

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