If your business is experiencing financial difficulty and possibly heading towards insolvency, one of the options available to you is Administration.
The main benefit of an Administration over other forms of insolvency procedures is the time in which court protection can be granted through a moratorium, allowing the business some breathing space to consider all options and outcomes with the assistance of an Licensed Insolvency Practitioner including:
- Rescue as a going concern
- Return to existing management
- Company Voluntary Arrangement