If your company is facing financial difficulty — for example, an excess of unpaid debts — you may opt to enter voluntary administration. In this event, your company is placed in the hands of an independent party — the Administrator, who will provide the business with ‘breathing space’ from normal operations and commitments. The Administrator will work closely with you, creditors and suppliers to assess the option available for restructuring the business and deliver the best outcome possible. 

The process of voluntary administration

Unlike liquidation — which results in the immediate truncation of the business — the voluntary administration process usually avoids the involvement of the courts; helps your company repay its debts, and when possible — escape insolvency. 

A timeline of voluntary administration

Voluntary administrations are easy to begin and fairly fast, with the entire process typically wrapped up in just over a month. This short timeline is designed to deliver rapid resolutions while also providing stakeholders with enough time to receive relevant information.

Speak to our voluntary administration experts today

CasCap Advisory’s team of highly qualified and experienced practitioners will act swiftly and responsively to provide you with expert advice and innovative solutions. If you’re facing voluntary administration, get in touch with CasCap Advisory to ensure you have the best in your corner.