Administration can be an intimidating process for many company directors, however it is a great tool for recovering a business when used properly.
Entering into administration is often seen as a punishment that insolvent companies are given by the courts when they’re unable to pay. Although some administrators are appointed in this way, company directors / owners also have the right to voluntarily appoint their own administrator independently.
If your business is in trouble - if you are facing creditor debts, HMRC debts, or struggling to meet payroll, then you could be facing liquidation. Can your business be saved? Download our free guide, 'What To Do When You Are Facing Liquidation' now.