Administration order

Are you a director, shareholder or creditor of an insolvent company where the board of directors is unable to reach an agreement?

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Vital breathing space

Creating the best outcome for your business

In the first instance an administration order will provide you with breathing space allowing you to either turnaround the company or achieve a better realisation of assets than in a liquidation.  If your business situation has become untenable it is not uncommon for the board of directors to fail to come to a solid agreed insolvency process. Even though this may seem like a major obstacle to effectively dealing with the outstanding problems and debts in the business you actually have a number of good options.

How it works

Let our experts work alongside you to assess whether administration is the appropriate option. Our considerable expertise in this area will ensure the process runs smoothly, securing the best outcome for both creditors and shareholders alike.

  • Free assessment – a fully comprehensive and impartial initial assessment of your business is performed, ensuring you can be confident we are making the right choice for you.
  • Completely confidential – we understand and appreciate the delicate nature of business distress and are subject to the highest professional standards including client confidentiality.
  • No personal fees – in the majority of cases the fees for the administration order and subsequent administrative costs are recovered from the realisation of the company assets, meaning you do not have to worry about personal loss.
  • Leading insolvency advice – all of our engagements are director led, providing you with instant access to a lifetime of business experience.

Jo Watts

Director

Jo is a Chartered Accountant, qualified Licensed Insolvency Practitioner and Director who currently specialises in administrations including pre-packs and trading administrations and joined McTear Williams & Wood in 2009.

Jo manages both the administration team and the team carrying our detailed forensic recovery work as well as assisting businesses to prepare and interpret financial information, cashflow budgets and forecasts and assesses the viability of businesses in financial difficulty.

Act now for the best outcome

There will almost always be a considerable amount of value remaining in  your business, no matter how difficult you feel the situation has become.  By acting quickly you will be able to salvage the maximum value from the remaining business and its associated assets.  Create the best outcome for your business and its people by contacting us today.

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