Administration can be initiated by directors and used very effectively as a restructuring mechanism. Where the company has a viable future it provides a breathing space in which proposals can be put to the creditors.
Streamlined under the Enterprise Act 2002, we can restructure a business quickly and efficiently. The company can subsequently exit Administration via a new legal entity.
As part of our complete rescue and recovery solution, a comprehensive asset protection service can be mobilised immediately to effectively manage and secure company assets. Read more.
Our team is highly skilled in insolvency, legal and collections’ environments. These skills mean LC Receivables will be one of the few collection operations that understand not only how to collect a debt in a distressed position and also how to manage an entire ledger to ensure any risks that may dissipate the asset value are mitigated quickly. Read more.