For help please call Sarah on: 0114 285 9500

For help and advice contact Sheffield 0114 2859500 or Rotherham 01709 331300 or Huddersfield 01484 483095

For help and advice contact Sheffield 0114 2859500 or Rotherham 01709 331300

Rescue Options

Administration Receivership


Administrative Receivership is often referred to simply as ‘receivership’.

If your company has breached the terms of its borrowing from a secured creditor with a floating charge over a significant part of your company’s assets, that creditor has the option of appointing an Administrative Receiver to recover the monies you owe. You may have given your bank such a charge, for example, as security for your borrowing.

The Administrative Receiver will look to sell the assets of your company in order to repay the sums owed to your secured creditor.

Administrative Receivership

Impact on your business of Administrative Receivership?

The Administrative Receiver may continue trading with a view to selling your business as a going concern. This approach is likely to generate a higher return than simply selling individual assets. A sale gives the business a chance to trade under new management.

Make an enquiry

0114 285 9500
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