Prepack administrations facing potential law changes

Mon, 27 Jun 2011

Government proposals are piling the pressure onto [prepack] administration deals, in a move that could help to open the market to more business buyers who are interested in the distressed market.

The draft statutory instrument would require companies to give creditors several days' notice of a prepack. Business Sale Report welcomes this change, claiming it would create opportunities for interested parties to bid on businesses in administration.

Prepack deals effectively allow managers to buy their companies free of debt. They have received praise for their ability to preserve goodwill, but criticised for skewing competition with rival companies.


Subscribe today to read and search all our news, premium articles, business sale listings and buy/sell resources.


Latest Businesses for Sale


Printers/ Stationers - Andover, Hants

Asking Price: 
Turnover:  £640,000
Location: 

Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...


Mining Exploration - UK

Asking Price: £1,900,000
Turnover:  
Location: UK Wide

This leading highly profitable, UK based manufacturer of exploration, drilling and sampling equipment, supplies to the world minerals/earth sampling markets, the highest quality of earth drilling, boring, core sampling and in-situ ground testing equipment. The company has an enviable reputation for ..


Hotel Accommodation - Folkestone

Asking Price: 
Turnover:  £500,000
Location: South East

Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...


View More Businesses for Sale >>