Financial difficulties can lead to a company being placed into administration. Once in administration, the company, along with its affairs and assets, are managed by an administrator; a licensed insolvency practitioner. Depending on the situation they may sell all or part of the business as a going concern, or sell off the assets, or the business may have to be closed down. One key goal for the administrators is to repay any secured creditors. There is a very good chance that the company in administration continues in one form or another.
1 - 20 of 5331 businesses in administration
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