Anderson Brookes


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0800 1804 933

Administration is a process designed to protect a Limited Company from it's creditors whilst a re-structuring plan is organised or the business is sold.

When to consider Administration

Administration should be considered where a Company is struggling with debts and is under severe pressure from creditors. Examples would include;

1. Landlords distraint for rent arrears.

2. Bailiffs distraining for local authority business rates.

3. HMRC action to enforce or collect debts.

The Administration process

1. An Administrator can be appointed by a Director passing a resolution and filing certain documents at court.

2. An Administrator can not be appointed if the company has any outstanding petitions for liquidation (winding-up petitions).

3. Once appointed, the Administrator will take steps to re-structure the Company or realise the assets.

4. The Administration will be concluded within 12-months from appointment.

Advantages of Administration

1. Ongoing Creditor action can be stopped.

2. Enforcement action by HMRC, Bailiffs and Landlords can be stopped.

3. Avoids the need for Liquidation.

4. Enables the sale / succession of the business.

What to do next

Please call Anderson Brookes to discuss your options in more detail, this option may not be available if a winding-up petition has been granted. Call 0800 1804 933.

In certain cases we may be able to have a winding up petition set asside - the sooner we are instructed the more options we have available.

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Anderson Brookes Ltd

Anderson Brookes Ltd provides advice to individuals, business owners and company directors that are struggling with debt. Anderson Brookes Ltd is Authorised and Regulated by the Financial Conduct Authority; our registration number is 669796. You can confirm our details on the FCA website www.fca.org.uk. Anderson Brookes Ltd is a limited company registered in England and Wales; company registration number is 4213701. You can read more about the services provided by Anderson Brookes Ltd by visiting OUR SERVICES. A printed copy of our Initial Disclosure Document will be provided to you before any Instructions are accepted from you. You can request a copy at any time by calling 01204 255 051. Some of the services provided by Anderson Brookes Ltd are not regulated by the Financial Conduct Authority.

Anderson Brookes Insolvency Practitioners Ltd

Anderson Brookes Insolvency Practitioners Ltd is a limited company registered in England and Wales; company registration number is 10324159. Registered office address is 4th Floor, Churchgate House, Bolton, Lancashire BL1 1HL. Brendan P Hogan is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. Licence Number 101680.