The BCR Insolvency Blog

What Does A Business 'Going Into Administration' Actually Mean?

Posted by Chris Knott on 28-Nov-2018 11:54:00

Going into administration, or when a company “calls in the administrators”, is a legal process whereby the company hands over control to an insolvency practitioner, who acts as an administrator. Creditors may not take legal action against the company during the period of administration, and cannot apply to have it wound up, without the consent of the court or the administrator.

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Topics: Administration

Advantages & Disadvantages Of Putting Your Company Into Administration

Posted by Chris Knott on 20-Nov-2018 11:32:00

A company may consider administration as an alternative to liquidation if it believes things can be turned around. Therefore, it is an option for potentially viable businesses, which can deliver the best possible outcome for all stakeholders if it is successful. A successful administration can result in a solid business that is trading profitably and can engender confidence that its affairs are under control and that its prospects for continuing success are based on solid foundations.

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Topics: Administration

BCR Assists with Administration Of Farmers’ Buying Co-Operative

Posted by Chris Knott on 22-Jun-2017 15:45:00

The recent involvement of BCR in the Administration of a Shropshire farmer’s co-operative has resulted in positive outcomes for two businesses, as well as positive mentions in the local press. We were not only able to secure high value of asset realisations, allowing creditors to receive a dividend, but were also able to ensure the continuity of part of the business under new ownership, saving several jobs.

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Topics: Administration

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