The administration process aims to facilitate a company rescue or ensure the survival of a business as a going concern. Formal Administration typically follows a period of planning to ensure that a business can be traded, with a view to maximising realisations for stakeholders, either through an orderly sale of the business by the administrator or a rescue of the company itself through a Company Voluntary Arrangement.
Deloitte advises companies and their lenders stakeholders, when they are experiencing trading and cash flow difficulties and need to enter into an insolvency process.
Our expertise covers a diverse range of businesses, from small enterprises to large multi-jurisdictional corporations. In all trading administrations we work closely with specialist lawyers and valuation agents to ensure that businesses assets are maximised to obtain in distressed circumstances.
Occasionally a pre-packaged sale of a business may be the optimal strategy for creditors. In this case, detailed negotiations for the sale of a business need to have been carried out immediately prior to insolvency, with key stakeholders being consulted throughout. This leads to a smooth handover of ownership and can often ensure that as many jobs as possible are saved.
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