15/10/2026
Is your company struggling to pay its debts? 🏢
Maybe creditors are threatening action, cash flow problems won't go away, or you're unsure about your duties as a director.
Here's something many directors don't realise: administration is not the same as liquidation.
Administration is a temporary process. An independent administrator takes control, investigates the company's affairs and reports to creditors. The aim is to keep the company, or as much of its business as possible, going. If that's not possible, the aim is a better return for creditors than an immediate winding up.
Directors stay in office but can't exercise their powers without the administrator's written approval.
Acting early may preserve options that won't be available if the company's financial position gets worse. 👇
📞 Read the full guide on our website: https://buff.ly/1QDsMsr