Company Administration Partners

Advising you at every stage

If your company is under pressure from creditors and you are worried that you could be taken to Court then Administration could provide you with protection from such legal actions. Administration is a very powerful process for gaining control quickly and can provide an essential breathing space from creditor actions to allow directors time to act in the best interest of the company and the creditors as a whole.

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The Company Administration Process

Consultation

Consultation

We review and summarise the financial position to make sure that we agree the facts, then we discuss all the options available summarising the advantages and disadvantages of each option.
Entering Administration

Entering Administration

We will prepare all the necessary paperwork to place the Company into Administration. We will advise upon the most appropriate route dependent upon the circumstances
Outcome

Outcome

Once the decision is made we can move quickly and efficiently with all matters being dealt with remotely if required, being: creditor, shareholder or director appointments.
The Company had suffered a bad debt from one of its key customers and was coming under increased pressure from creditors with the threat of a winding up order. Specialist Engineering Company - South Yorkshire
Helping your business through the process

Testimonial

We approached Chamberlain & Co after a friend recommended their services. They quickly understood our situation and were able to act quickly to ensure that the Company was protected from legal action and provided a solution to save our business and preserve the employment of our loyal workforce.

We engaged with the Directors and developed a plan to save the business therefore protecting jobs. We assisted the directors in explaining the plan to key stakeholders and arranged for the business and assets of the company to be marketed and sold.





    Act Now!

    Contact Us

    To ensure that as many options are available to your company as possible then it is crucial that you act quickly and seek advice from qualified Insolvency Practitioners. Please call on 0113 242 0808 and ask to speak with one of our Insolvency Practitioners or complete the form and we will contact you as soon as possible.

    We provide free, no obligation, confidential consultations nationwide.

    Please call not to see how we can help you and your business and whether Company Administration is right for you.

    What are the advantages and disadvantages of going into admin?

    Advantages

    • The Company is protected from all legal action by its creditors, without permission of the Court, allowing breathing space. – The process can lead to the survival of the Company through the proposal of a Company Voluntary Arrangement (CVA). This can often be essential if hostile creditors are trying to enforce their claims.
    • Key creditors are prevented from disrupting the business by taking legal action. For example, a landlord cannot forfeit a lease, a HP supplier cannot repossess equipment, nor can a trade creditor repossess goods supplied.
    • Pre-Pack Administration is a powerful tool to save the business and preserve employment. The sale of the business is explored and a sale contract is agreed prior to the administrators appointment. The administrator executes the sale immediately upon appointment. Considerable work is done by the nominated administrator, his solicitors and agents to ensure that this is the most appropriate procedure to utilise in the circumstances. A protocol has been established by the regulatory authorities for conducting this process, where appropriate disclosure is made to all creditors.
    • Administration will generally result in a better outcome for creditors than liquidation either due to the continuity to trade, a pre pack sale and preserving the value of assets
    • Employees whose contracts are terminated will be able to claim for arrears of wages, holiday pay, pay in lieu of notice and redundancy under the Redundancy Payments Act.

    Disadvantages

    • Upon the appointment of an Administrator the Directors cease to have any control of the business and affairs of the Company.
    • The fact that the Company has entered Administration is public knowledge. Your Company will need to note that it is in Administration in any correspondence or communication.
    • Administrators are required to investigate the conduct of the Directors and compile a report for the Department for Business, Innovation & Skills.

    Company Administration FAQ's

    What is company administration?

    The company administration procedures primary purpose is the survival of the Company or of part of its operation as a going concern. This may be by way of a restructure, sale of business and assets. or by the Company entering into a Company Voluntary Arrangement (“CVA”).

    Who is the administration process for?

    This process is of use to companies which have become insolvent and require protection of the legal process. It prevents creditors taking precipitative action against the company whilst it is assessing its options for re-organisation, re-finance, re-structure or the sale of the business as a going concern.

    Alternative Solutions

    The Company is protected from all legal action by its creditors, without permission of the Court, allowing breathing space. – The process can lead to the survival of the Company through the proposal of a Company Voluntary Arrangement (CVA). This can often be essential if hostile creditors are trying to enforce their claims.

    Key creditors are prevented from disrupting the business by taking legal action. For example, a landlord cannot forfeit a lease, a HP supplier cannot repossess equipment, nor can a trade creditor repossess goods supplied.

    Pre-Pack Administration is a powerful tool to save the business and preserve employment. The sale of the business is explored and a sale contract is agreed prior to the administrators appointment. The administrator executes the sale immediately upon appointment. Considerable work is done by the nominated administrator, his solicitors and agents to ensure that this is the most appropriate procedure to utilise in the circumstances. A protocol has been established by the regulatory authorities for conducting this process, where appropriate disclosure is made to all creditors.

    Administration will generally result in a better outcome for creditors than liquidation either due to the continuity to trade, a pre pack sale and preserving the value of assets

    Employees who’s contracts are terminated will be able to claim for arrears of wages, holiday pay, pay in lieu of notice and redundancy under the Redundancy Payments Act.

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