Pre-Pack Administration

In some cases, the Administrators may have to look to sell part or all of the business or assets. Sometimes it is necessary to arrange a “seamless” sale, particularly where protracted advertising would damage the goodwill and value as a going concern and even threaten the safety of existing employee jobs. This is often referred to as a “Pre-Pack Administration” and it is not uncommon for the purchasing company to be owned and managed by the original owners / managers of the “old” company. If you wonder if this is appropriate for your company, click on “Contact” or phone 0800 458 3320 for free advice.