Administration and Pre-pack
Administration
Not a remedy in itself, administration temporarily ring-fences a company to give it time to fix its financial problems. Administration stops creditors seizing goods or taking legal action. If cash problems are temporary, the ring-fence can be lifted. Some companies exit administration by a Company Voluntary Arrangement (CVA) or Creditors' Voluntary Liquidation (CVL) . Administration can also help an insolvency practitioner realise assets in an orderly manner where a business is going to cease.
Pre-pack Administration
A pre-pack administration is where the business is arranged to be sold at a proper market value immediately on administration to ensure continuity of trading. Although sometimes subject to ill-founded criticism, done properly, pre-pack administrations are proven to be the best outcome for all stakeholders. We provide professional advice and services regarding pre-pack administration.
If you require any administration or pre pack administration advice, information or assistance, please contact us.




