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The UK's leading searchable database of businesses in administrative receivership or administration, regularly updated.
I have subscribed to the Business Sale Report for the past 4 years.
I have found it an excellent source of information on businesses for sale.
I have acquired 2 businesses found using the Business Sale Report and
recently acquired a business in Administration which I found using the
Receivership Search facility. This has been a great acquisition as
I managed to acquire the business at much less than net asset value! Greg Lerigo Managing Director, Linby Holdings The UK's comprehensive online database of English and Welsh companies in administration and administrative receivership. The database is updated every day, and you can opt to have daily email alerts of businesses in administration. This feature is included as part of the service to you when you become a Business Sale Report subscriber. View abbreviated details of the latest receivership entries. Information supplied on each business in administration or administrative receivership includes:
This is because, by this stage, very little of the business is salvagable with most of the assets being distributed amongst preferential creditors such as the tax authorities, Banks, and employees and as such is unlikely to carry on trading.
We also include up-to-date news on businesses in difficulties around the world. We have included details of those administrative receiverships where the appointment date is after 1 Jan 1998. Administrative receiverships are not possible under any security instrument created after 15th September 2003, due to the Government's drive to encourage the use of administrations in place of administrative receiverships. Therefore, you are likely to see increasing numbers of businesses in administration. Administrative Receivers are appointed by a debenture holder usually over all the company's assets. The Administrative Receiver's prime responsibility is to protect the interests of the debenture holder. The Administrators can be appointed by a creditor or the companies' directors. The Administrator's objective is to rescue the company as a going concern or achieving a better result for the creditors as a whole than would be likely if the company were wound up without first being in administration, or if this is not practical realising assets to make a distribution to secured or preferential creditors. This is often achieved by selling the company, or by realising the company's assets. In many instances the company is still trading. |
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14 May 2008
Anite, the UK-based IT solutions company, is currently undergoing a strategic review of its public s...[more]
12 May 2008
Natalie Massenet, founder of the online fashion retail business, Net-a-Porter.com, is thought to hav...[more]
09 May 2008
Mobile bulk messaging group, Dynmark, is undergoing a review of its business which may lead to a sa...[more]
09 May 2008
Diageo, drinks company, is to announce restructuring plans for its Irish Guinness business. This pla...[more]
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© 1995-2008 Business Sale Report. A division of Business Data International Ltd. All rights reserved | |
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