Stephensons Solicitors LLP Banner Image
Stephensons Trustpilot stars
Based on count 1442
View all reviews

Administration - trading & pre pack

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. 

loading staff

Trading administration 

This option allows the business to continue trading throughout the administration allowing employees to remain in a job whilst the sale of the business is considered. 

Pre pack administration

This solution allows for the sale of the business to be pre-arranged before or soon after the administrator is appointed. Directors or the management team can work with the administrator prior to the formal arrangement to agree terms of sale which can then take effect immediately. 

Stephensons have a team of insolvency law specialists who provide advice from the outset and guide you through the administration process ensuring the best result is secured for the business and its creditors. 

Corporate insolvency has serious implications and should only be considered after seeking professional guidance, please contact us for help and advice on the alternatives which may be available to you on 01616 966 229 alternatively complete our online enquiry form and a member of the team will contact you directly.

4.5out of 10
4.5 score on Trustpilot Based on count 1442

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

Directors beware! The pitfalls of post pandemic company dissolution

On 15 December 2021 The Ratings (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 gained royal assent. Under this new legislation, directors of dissolved companies which received financial assistance during the pandemic face...

Read more

Twitter commercial

@CommercialLLP

Primary school application deadline - why 'bending the rules' could spell trouble

The deadline for primary school admissions for the school year commencing in September 2022 will expire on the 15th January. A recent survey suggests 1 in 4 parents have ‘bent the rules’ to get their children into a better school. With the...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Paul Davies
  • Julie Hunter
  • Adam Pennington
  • Andrew Whitehead
  • Jessica Charnock
  • Sophie Chilstone
  • Winston Kan​​​
  • Terri Meehan
  • Neil Marshall
  • Declan Gilroy​​
  • Matthew Smith