How company administration can help

Company administration is a legal process designed to help struggling but potentially viable companies by protecting a business from its creditors whilst restructuring takes place.

Book a free initial consultation

Please enable JavaScript in your browser to complete this form.

How can company administration help?

If your company is in debt and under pressure from creditors or perhaps is being threatened with legal action such as a winding up petition, seeking the protection of administration will prevent any further legal action.

If your business is failing but can be sold as a going concern at a premium or can benefit from continuing to trade to complete existing contracts and work, an administration order may be appropriate. Ideally, companies in administration can continue to trade through their difficulties and come out the other side as a going concern but if that is not possible it can be used to achieve ‘a better realisation of assets’ or to facilitate a payment to preferential and secured creditors. 

Administrators’ primary purpose is to get an ailing company back on its feet. Our team has experience of administrations in many different industries and business sectors and where possible will work with you and your existing management team to achieve the best possible outcome.

When might a pre-pack be appropriate?

  • When time is of the essence to maintain business continuity.
  • When the core value of the business might dissipate otherwise.
  • If there is a danger of losing key staff or harming client relationships through uncertainty.
  • Pre-packs require careful handling by experts.

When might administration be appropriate?

  • When it just isn’t possible to persuade creditors to support the company any longer.
  • When cash-flow pressures are building but there is still a potentially viable business to save.
  • When there’s a need to move quickly selling the business and assets.
  • If the company is insolvent, by keeping it intact and acting quickly creditors can benefit.

Jo Watts

Director

Jo trained as a chartered accountant and qualified in 2002 doing accounts preparation, audits including for charities. She then joined McTear Williams & Wood on secondment in 2009 and decided to make a career as a Licensed Insolvency Practitioner.

  • Jo specialises in administrations including pre-packs and trading administrations and is involved in  forensic recovery work.
  • Acts as an Insolvency Practitioner in all forms of corporate insolvency including administrations, pre-packs, liquidations and company voluntary arrangements.
  • Acts as Insolvency Practitioner in individual voluntary arrangements and bankruptcies.

Jo qualified as a Chartered Accountant in 2002, a Licensed Insolvency Practitioner in 2019 and became a Director in 2024.

Related services

Latest news and insights

A guide for directors

Three out of every four clients we advise avoid a formal insolvency process altogether. However, once insolvency begins to set in it becomes incredibly difficult for directors to avoid breaching

See More ->
Scroll to Top