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This can be a stressful time for a company director. We can help alleviate the stress and provide sound advice.

An Administration (ADM) is an attempt hold a business together while plans are formed to either organise financial restructuring to rescue the Company, or to sell the business and assets to produce a better result for creditors than could be achieved in a liquidation. Administration can also be used where neither of these objectives can be achieved, simply as a mechanism to liquidate assets and distribute the proceeds to secured or preferential creditors, however this is not the primary purpose of the law.


Once an Administrator is appointed, they take over the running of the Company from the Directors and are responsible for any decision to continue or discontinue trading. The administrator has control over how the Company and/or its assets are disposed of. The ability to continue trading depends on availability of funds for working capital, the willingness of existing suppliers to cooperate and customers to continue to deal with the Company in administration.


Cogent Consult can assist you in ensuring that the right administrator is selected, with the appropriate skills and experience for your business.


Contact us on 0791 88 66 245 for further information.

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