Administration is a company rescue procedure under which a company’s assets will be protected by stopping any form of creditor action for a defined period of time.
At Sherrards we provide advice to companies, company directors, shareholders, creditors and insolvency practitioners on a wide range of issues relating to administration.
If you are a director, you may wish to obtain advice with a view to steering your company through these tough times and we can advise on whether administration is appropriate for your company, and examine alternatives. With close ties to insolvency practitioners, Sherrards can provide you with the right advice and, if required, refer you to an insolvency practitioner to begin the process.
For landlords, creditors with existing security, or creditors with retention of title, we can provide detailed guidance.
Sherrards also has experience in advising insolvency practitioners acting as administrators on all aspects of insolvency law, assisting with the legal aspects of group re-organisations and restructurings, schemes of arrangement, business and property sales, pre-packs and the investigation of prior transactions entered into by the company or its directors.