Administration

Guiding your business through Administration

Leicestershire | Warwickshire
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Administration

What is Administration?

If your company is insolvent or close to insolvency, you have the choice of putting it into Administration. The process gives you time and space to achieve one of the following -

Administration is also an option for partnerships. Read more about Partnership Administration.

How do we approach our role?

We begin by advising you and your fellow directors as to whether administration is a viable option. We’ll act as administrators and, with solicitors, arrange to place your company into administration.

We’ll then act as the Administrator, giving your company protection against creditors.

Within eight weeks of our appointment, we send our proposals to the creditors. They, in turn, will choose to approve, modify, or reject these proposals.

How does an Administration come to an end?

In one of the following ways

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Find out more about how we can support you when times are tough.  We’re here to help with clear, straightforward support.

Call us on 0116 2325117 (Leicester) or 01926 671891 (Warwick), or email us on info@smartbusinessrecovery.co.uk