Administrative Receivership
This process involves a secured creditor (normally a bank) who holds a Floating Charge over your company. The charge-holder can appoint a Licensed Insolvency Practitioner as an Administrative Receiver if you should be unable to meet the terms of the charge. (not for Charges after 15th September 2003)
If you have a secured creditor who wishes to use Administrative Receivership, we can review your business to assess whether Administrative Receivership is the most appropriate procedure. If appropriate, we will negotiate with the secured creditor.
If Administrative Receivership is the best way to proceed, we can be appointed Administrative Receiver, since we are on the approved panels of clearing banks and asset-based lenders (ABLs) whose support is necessary for these appointments – plus we have the experience and expertise to work with you in achieving maximum realisations as part of a value-added process.