Welcome to UK Administrators.org.uk
Welcome to UK Administrators – an extensive team of licensed insolvency practitioners and business turnaround experts. With experience unmatched and expertise unrivalled, you can rest assured that your company’s insolvency situation will be handled by the very best in the UK. Our partner-led teams around the country provide free consultations to all company directors and shareholders and can advise on relatively small administrations up to complex multinational companies and subsidiaries.
We are always transparent with fees and frank in our advice; if administration is right for your company and employees, we can make that judgement based on our broad expertise. If for any reason there’s an alternative insolvency procedure or restructuring process better suited for your needs, we will discuss these from the outset.
What is administration?
Company administration is a formal insolvency procedure that helps businesses to recover from serious financial difficulty. Only licensed insolvency practitioners (IPs) can be appointed as administrators, and on appointment they take control of the company.
A statutory eight-week moratorium period commences when a company goes into administration. This provides relief from creditor pressure and allows the administrator to construct a plan for rescue without the threat of legal action.
Using expert business turnaround strategies, UK Administrators offers a highly effective partner-led service to rescue UK companies in severe financial difficulty. So might you qualify for company administration?
When is company administration an appropriate option?
You need to operate with relatively predictable cash flows to be eligible for company administration, and/or own assets of value that could potentially be sold to generate cash.
If your company is experiencing the following issues, administration may be a viable route:
- Severe cash flow problems (but you believe the business has the potential to recover)
- Intensifying creditor pressure, with winding-up being a significant threat
- Potential for allegations of wrongful trading
- You need to sell the underlying business assets quickly
- Minority creditors are applying pressure consistently, even though larger creditors are open to negotiations
- Creditors are not prepared to negotiate
The importance of obtaining early advice
Seeking advice early on is a crucial aspect in dealing effectively with insolvency, and provides your company with the best chance of survival. Essentially, being proactive in obtaining professional guidance increases the number of options open to you and improves the outlook for all parties.
When a company enters administration the office-holder assesses the company’s position and potential exit routes, but the administrator must be able to achieve one of three specific purposes:
- Rescue the company as a going concern – if this is not possible:
- Achieve a more favourable outcome for the company’s creditors as a whole than would have been possible if the company was wound up without entering administration – and if this is not possible:
- Realise company property and other assets for distribution to one or more secured or preferential creditors
UK Administrators comprises a highly experienced team of licensed insolvency practitioners with industry-wide knowledge and practical expertise. We will support you at any stage of financial difficulty, but the sooner you seek professional assistance the greater your chances of saving the company.