• LONDON: +44 (0) 20 7268 3333
  • MILTON KEYNES: +44 (0) 1908 087 220
  • LIVERPOOL: +44 (0) 151 705 9115
  • CROYDON: +44 (0) 20 3862 2940
  • BIRMINGHAM: +44 (0) 121 222 4140

Company Insolvency – Administration

Administration is the most commonly used rescue mechanism for companies. It is designed to deal with situations when there is an urgent need to protect the value of a business from enforcement action by unpaid creditors or where a viable business needs breathing space to regroup and implement a survival strategy.

Administration is a formal insolvency process, which puts an immediate ring fence around the company and its assets so that no creditor can start or continue action to recover their debts. If your company is in debt and being pressurised by creditors, who are threatening legal proceedings or in the worst case scenario have issued a winding up petition then seeking the protection of Administration may be the best option.

Administration works most effectively when:

  • There are severe cash flow pressures, but there is a viable ongoing business to be saved.
  • There is an urgent need to sell the business of a technically insolvent company to preserve as much of its value as possible.
  • When creditors cannot be persuaded to a consensual compromise deal, such as delayed payments or debt write offs, either altogether or within a manageable timescale.
  • Where a company is insolvent and the directors are concerned about the risks of wrongful trading.

In these circumstances it may be best to take urgent action to put the company into Administration; a legal process that requires the appointment of a licensed insolvency practitioner as Administrator. Opus Restructuring are licensed insolvency practitioners and can accept appointment as Administrators.


Key People

Trevor Binyon

Tim Dolder

Steve Parker

Stephen Berry

Jo Rolls

Colin Wilson

Related News

Opus appointed as Administrators of Fortnum & Mason supplier

Opus Partners Colin Wilson and Trevor Binyon have been appointed… Read More »


Case Studies

Opus facilitates the rescue of Suffolk engineering business

Partners Colin Wilson and Jo Rolls worked with existing owners… Read More »

Opus rescues iconic London live music venue The Troubadour

Opus Partners, Steve Parker and Trevor Binyon were able recently… Read More »

Copyright © Opus Business Services Group, All rights reserved. Click on the links to view our Cookie Policy and our Privacy Policy