Published: 9th January 2019
When operational challenges or financial distress impact on the long-term viability of a company, swift action must be taken to address the problem. Administration is a formal insolvency procedure which shields creditors from further losses and leaves the door open for the company to be resurrected. A moratorium is placed around the distressed business resulting in all legal action being stayed while a way forward is plotted.
From the point of engagement we will endeavour to present bespoke solutions and devise a robust strategy to deliver optimal results for stakeholders; conserving value while also maximising returns for creditors. Our extensive knowledge and experience across a range of industries and distress situations allows us to consider and investigate a variety of solutions before recommending the most appropriate next step which, depending on the asset level involved and the future viability of the company, may involve placing it into administration.
RBR Advisory offers a partner-led service bringing innovative solutions to the most complex problems. Our industry-leading capabilities are underpinned by extensive experience across all areas of business turnaround. Assuming the role of administrators we will seize control of the business and take responsibility for the day-to-day operations until the company exits administration either by way of a formal liquidation procedure, or alternatively being sold out of administration to a connected party via a pre-pack procedure, or an unconnected entity altogether.
If there is an appetite, along with adequate reasoning, for the business to continue to trade, we will manage the sale out of administration from initial valuation through to completion. We will market the business for sale and deal with all interested parties until a suitable buyer is found for the business and/or its assets.
If pre pack administration is pursued we will advise on the most appropriate way of setting up a newco to ensure you remain compliant of phoenixing regulations. Following completion, novation of any applicable contracts or leases will be actioned. Assistance with sourcing finance will be provided if outside funding or deferred consideration is required in order to facilitate completion. Whether you intend to purchase the business out of administration or not we can devise a bespoke solution which is satisfactory to you and also works in the best interests of your creditors.
Appointed by creditors and directors alike, our licensed insolvency practitioners facilitate a way out of administration which will realise a better outcome for creditors than would be achieved if the business was simply liquidated. With considerable proficiency of dealing with pre-pack and trading administrations, our dedicated team coupled with our wider Group offerings allow us to provide a truly comprehensive company administration service from initial restructuring and insolvency advice, property and asset valuation, through to assistance with sourcing funding.