Can my company continue to trade following an administration order?
The administrators power to trade
The administrator has broad powers to decide what happens if a company goes into administration, including the ability to trade the company, sell the business and assets, raise funding, grant security, hire staff and make redundancies.
The purpose of administration is primarily to rescue the company as a going concern, or achieving a better outcome for all the creditors than if the company was wound up, or to realise property to make a distribution to secured and preferential creditors.
For administration order advice, please contact our administration order team at FWJ on 020 7841 0390.