The Chancellor’s Autumn Statement provided a mixed bag for SMEs. Whilst there were some significant announcements on business rates and taxes that will be broadly welcomed, there were some missing pieces of the puzzle. One of the most acute...
Administration is a formal insolvency procedure whereby an insolvency practitioner is appointed by either the directors, the company or the holder of a qualifying floating charge (usually the bank or other financial institution).
An administration usually allows the business to continue trading throughout the process and provides protection against any enforcement action taken by creditors.
