Guide to Administration

The Procedure

In the event of legal action being issued against the company, it is necessary to place the company into administration which can be achieved either as an out of court appointment or via an application to the court. The process involves the completion of a number of forms and, if the court application route is chosen then an affidavit is filed in court local to the company’s registered office or in a District Registry of the High Court and a hearing date will be allocated. Most appointments are now made as ?out of court? appointments and can be made relatively quickly subject to certain criteria and so we will discuss this aspect mostly.

RNF Business Advisory Limited will prepare the statutory form(s), board minutes, notice(s) of consent for the proposed administrator(s) and any other supporting documentation necessary to allow the company to enter administration. Where we believe it is necessary to instruct a solicitor to assist with the application we shall either instruct a firm of our choice direct or advise you which firm to instruct.

Once the relevant forms have been filed in Court the company is then subject to the Administration procedure and the Administrator has also been appointed.

Where there is a Qualifying Floating Chargeholder

Notice must be given to any creditor of the company with a qualifying floating charge so that if they choose they can appoint an administrator of their own choosing.

Working with you

We will work with you to explore your situation in detail and provide clear, jargon-free, honest advice. Rest assured, anything discussed with us remains confidential.

All initial consultations are free of charge and without obligation.

When you need help

Call Ruth on 01622 764 612
Call Ruth on 020 7253 7171

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"The most important thing about Ruth's approach is she is professional, not pompous. She is sympathetic to clients who have problems, listening and finding solutions..."

Mr M. Referring Accountant

"I would like to re-iterate my thanks to Ruth and her staff for putting my finances back on track, so efficiently and effectively. As a now retired person, I hesitate to imagine my financial outlook had you not successfully orchestrated my IVA."

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"Ruth and her team helped me through a difficult time in a caring and supportive way. I know I can always go to Ruth for advice and guidance which will be given impartially and fairly for all parties concerned. This is very much an open, clear and professional relationship which I appreciate."

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