Administrative Receivership

(not for Charges after 15th September 2003)

Here, a secured creditor (normally a bank) holds a Floating Charge over your company and assets. If you can’t meet its terms, the charge-holder can appoint a licensed Insolvency Practitioner as an Administrative Receiver.

But an Administrative Receivership might not be the best option for all concerned. We can review your business and persuade the secured creditor that there is an alternative route.