An administration order is suitable where there is a good prospect of survival for your business, but for certain unexpected events which are crippling your business
Much depends on the particular problem you are facing as a business
One has to question whether the obstacles which have caused the company’s financial problems are likely to be repeated if the decks can be cleared, or whether perhaps the business model is simply unrealistic.
- if what the company needs is breathing space to overcome its present difficulties and are unlikely to be repeated, then, administration may well be the perfect solution for your business;
- the main purpose of protecting the company via a moratorium is what happens of a company goes into administration.
For administration order advice, please contact our administration order team at Francis Wilks & Jones and we can help.