Administrative Receivership
A review may conclude that a business is insolvent and continued trading in the long term is impossible. In these circumstances, steps must be taken to place the company into a formal state of insolvency in order to protect the position of the creditors and directors.
An Administrative Receiver has wide powers allowing trading to continue and preserving the ability to sell the business as a going concern. Even if the business cannot be sold, actions can be taken to enhance asset value prior to realisation.
