Apply to put your company into administration. Protect your company against creditor action whilst we work to find the best solution.

Administration can help when…

  • Suffering from creditor pressure.
  • Struggling with overhead costs such as leases and employees’ wages.
  • Experiencing cash flow difficulties.

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    How to put your company into administration

    If your company is insolvent and struggling with intense levels of creditor pressure, you may be able to alleviate some of that pressure if you put your company into administration. The process protects your company from further creditor action, such as winding-up petitions or bailiff action, while your appointed administrator restructures the company and decides what to do next.

    What is administration?

    Administration is a formal insolvency process designed for businesses struggling from creditor pressure. It involves a licensed insolvency practitioner (IP) taking control of the company, protecting it from creditor pressure and allowing the IP time to plan a restructure, or to sell it. From there, the IP may choose to put the company into a Company Voluntary Arrangement (CVA) to repay the creditors a portion of their debt.

    More information on administration

    How to put your company into administration

    Before you can put your company into administration, you should contact us to discuss your options. Administration would be a suitable option if the three statutory purposes are achievable:

    • The company can be rescued as a going concern.
    • The creditors will receive a more substantial return than if the company were wound up.
    • The funds generated from the realisation of property and assets would be distributed to secured or preferential creditors.

    After speaking to our initial advisors and a free, impartial consultation, if administration would be the best option for your company, and the criteria could be achieved, we can proceed to the next stage of the process.

    Put your company into administration
    A creditor with floating charges over a company asset can force administration should the debenture agreement fall through.

    1. Appointing an administrator

      Unless creditors with floating charges force the company into administration, the company directors decide on the administrator. Once appointed, the administrator assesses the company and its finances.
      The administrator then has eight-weeks to prepare the proposal, which is then sent to creditors. One or more of the company’s directors provide a statement of company affairs, detailing the company’s assets and liabilities, as well as their fixed and floating charges.

    2. Contacting the creditors and issuing the proposal

      Once the administration proposal is complete, the administrator sends it, along with a statement of affairs, to the creditors and calls a creditors meeting. These no longer need to be physically held, and deemed consent can be used. Although the administrator must call a meeting if 10% of the creditors, by claims value, demand one. The creditors must be given two weeks’ notice before the creditors meeting, which must be held within ten weeks of the day the administration began.

    3. Administration begins

      If the majority of your creditors accept the proposed administration, the administrator takes control of the company’s affairs. The creditors, court and registrar of companies must be kept updated every six months until the administration ends. Once the administration nears its end, they will decide if further action is needed to save the company.

    In summary

    Administration provides an insolvent limited company with some protection from creditors. Creditors with floating charges over assets can force the process, or you can speak to us to put your company into administration yourself. During the process, we will construct a restructuring plan tailored to your circumstances and decide the best way forward for your business, whether that’s repaying your creditors in instalments via a CVA, put your company into administration, or through liquidating the company.

    How we can help

    If your company is insolvent, and creditors are putting you under pressure, you need to act quickly to avoid receiving a winding-up order. Contact us today if your limited company is suffering from creditor pressure and can’t repay its debts. Our initial advisors can provide free, impartial advice tailored to suit your circumstances and a no-obligation quote.

    Case Studies

    Authored by Kelly Burton

    Berks Healthcare Services Limited

    Kelly Burton • Healthcare • Administration

    Wilson Field has advised on the sale of a Slough-nursing agency which was bought out of administration saving all 7 jobs.

    Berks Healthcare Services Limited, which traded as Enchor Healthcare Services, specialised in providing healthcare professionals for the public and private sector.

    It supplied registered general and mental health nursing staff, together with unqualified support and ancillary staff, to private hospitals and care homes in the areas local to the company’s offices in Slough, Portsmouth, Birmingham and Luton.

    The company, headed up by healthcare professionals, called in administrators from Wilson Field after suffering from a fall in turnover, which left it struggling to meet unsustainable historic legacy debt. It had also been issued a winding-up petition from HMRC.

    Kelly Burton and Emma Bower were appointed as joint administrators on 14 June 2018 and concluded the sale of the business and assets for an undisclosed sum to an unconnected company Connect Care & Support Limited, also based in Slough.

    Kelly Burton, director and licensed insolvency practitioner at Wilson Field said: “The company had a turnover in the region of £2.9m per annum in 2017. However this is a very competitive marketplace, which is primarily price driven and recent minimum wage legislation changes had also impacted on the company’s potential profit margins.

    “As administrators, we sought a purchaser for the business.

    “This pre-packaged sale to Connect Care & Support Ltd saved seven permanent jobs as well as numerous temporary agency staff.

    “It has also mitigated employee termination claims in the nature of wage arrears, accrued holiday pay, redundancy and pay in lieu of notice estimated to total £29,576 as the liabilities have transferred to the successor business under the TUPE regulations.

    “This means the business has a new future moving forward.”

    Berks Healthcare Services Ltd was incorporated in January 2015, but can be traced back to February 2007. Enchor Health Care was recognised and registered as Recruitment Consultants providing both permanent & temporary staffing solutions to many different Health and Social Care settings. It also had supported living and rehabilitation centres.

    Authored by Kelly Burton

    ET Rowlands & Sons

    Kelly Burton • Automotive • Administration

    Assets from the well-known Telford road haulage contractor ET Rowlands & Sons, which has closed after nearly 60 years in business, are to be sold by auction online.

    The firm, known for its striking red livery on its vehicles, provided road transport solutions for UK and continental Europe and operated a modern mixed fleet of rigid vehicles, tractor units and trailers.

    Last week’s closure of the company, set up in 1958 by 87-year-old current director Mary Rowland’s father,  saw all 28 jobs made redundant after the company lost a major contract and potential hopes for a pre-pack sale were dashed.

    Kelly Burton - Director & Licensed Insolvency Practitioner

    Kelly Burton and Lisa Hogg from Yorkshire-based insolvency specialists Wilson Field were appointed joint administrators of ET Rowlands and Sons on 13 June at a meeting of members and creditors.

    Wilson Field, have instructed valuers and asset management consultants Charterfields to dispose of the assets of the company, which operated a warehouse facility in Telford.

    Vehicles and other items up for sale includes a fleet of 14 tractor units, seven rigid and flat HGVs by Scania, DAF and MAN, 14 curtainside and three flat back trailers, personalised numberplates including P7 ETR, P12 ETR, R4 ETR, S7 ETR, T2 ETR, V2 ETR, and 6 ETR, plant and office furniture. Other vehicles include a Vauxhall Movano 3.5T Dropside and Ford Transit T350 Panel Van.

    Kelly Burton, director and insolvency practitioner at Wilson Field, said: “ET Rowlands & Sons was a well-established family run business that experienced loss of a major contract.

    “The director came to Wilson Field for advice but regrettably the company entered administration and has been closed. As a consequence all 28 jobs have been lost. It is always sad to see a long-standing company go out of business with the loss of jobs.”

    The online auction is now open and closes Tuesday July 4 from 12 noon. For further details visit www.charterfields.com

    Authored by Kelly Burton

    National Videogame Arcade

    Kelly Burton • Leisure & Hospitality • Administration

    national videogame arcade header

    Image from GameCity.org [http://gamecity.org/]

    The National Videogame Arcade is a unique national centre which is dedicated to history and development of computer and video games. The museum itself contains many rare and original videogames and consoles as well as a Toast Bar which serves a wide array of toast-based snacks.

    Over its time, it has also been involved in working in collaboration with Arts Council England, Times Educational Supplement, Wellcome Trust and the British Library to name a few. These projects and collaborations focused on developing the role of videogames in culture and education.

    Home of the acclaimed GameCity festival, The National Videogame Arcade in Nottingham, sadly fell into cash flow difficulties earlier this year despite an increase in its footfall. An eleventh hour investment by a director-led consortium, led by director Iain Simons, saved all 40 jobs at the increasingly popular tourist attraction and museum.

    The cash flow difficulties led to the destination being taken into administration, Wilson Field’s Andy Wood and Lisa Hogg were appointed as joint administrators on 19th August 2016.

    Andy Wood, an insolvency practitioner at business turnaround and insolvency specialist, Wilson Field, said;

    “The investment story behind the consortium is based on the passion that Iain Simons and his staff have for the GameCity project.

    “We were appointed as administrators after the company fell into financial difficulties, despite growing in popularity. The consortium of investors could clearly see the potential to turn the business around and with support from the staff, GameCity has a new future.”

    Director of GameCity and investment consortium leader, Iain Simons, was very happy with securing the last minute investment and the service he received from ourselves; “The NVA is like no other facility within the UK and is rapidly growing in popularity. It was devastating to us when we realised that the business was in financial difficulty, but we knew it could be overcome.

    “I have to give all credit to the staff here who volunteered to work without pay when we announced that the business was in trouble and this undoubtedly allowed us the time to pull together a consortium of investors to give the facility a bright new future and secure those jobs.

    “GameCity is rapidly picking up pace and the Toast Bar, National Videogame Arcade and our collaborations with new partners in the UK and beyond are proving to be just as popular as we’d hoped.”

    For more information on GameCity visit http://gamecity.org and for further information about our insolvency procedures, call us on 0800 901 2475.

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      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

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      M Akram

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      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

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      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

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      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

      Ashley Havens

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      "Very useful free advice using Live Chat facility. Helpful to understand different options available and the consequences associated with them. Would definitely recommend."

      Monica Khan

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      "I spoke to a professional called Chris he was amazing from start to finish with an honest open approach. He managed to make me feel comfortable to ask some sensitive questions without judgement. Giving me facts and advice to support me in coming to decisions with no pressure. I can only say it has helped to take some pressure off at a difficult time and would recommend that you pick up the phone and make the call to this firm."

      M Akram

      star_rate star_rate star_rate star_rate star_rate

      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

      Richard Lee

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      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

      Sarah Harris-Smith

      star_rate star_rate star_rate star_rate star_rate

      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

      Ashley Havens

      star_rate star_rate star_rate star_rate star_rate

      "Very useful free advice using Live Chat facility. Helpful to understand different options available and the consequences associated with them. Would definitely recommend."

      Monica Khan

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to a professional called Chris he was amazing from start to finish with an honest open approach. He managed to make me feel comfortable to ask some sensitive questions without judgement. Giving me facts and advice to support me in coming to decisions with no pressure. I can only say it has helped to take some pressure off at a difficult time and would recommend that you pick up the phone and make the call to this firm."

      M Akram

      star_rate star_rate star_rate star_rate star_rate

      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

      Richard Lee

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

      Sarah Harris-Smith

      star_rate star_rate star_rate star_rate star_rate

      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

      Ashley Havens

      star_rate star_rate star_rate star_rate star_rate

      "Very useful free advice using Live Chat facility. Helpful to understand different options available and the consequences associated with them. Would definitely recommend."

      Monica Khan

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to a professional called Chris he was amazing from start to finish with an honest open approach. He managed to make me feel comfortable to ask some sensitive questions without judgement. Giving me facts and advice to support me in coming to decisions with no pressure. I can only say it has helped to take some pressure off at a difficult time and would recommend that you pick up the phone and make the call to this firm."

      M Akram

      star_rate star_rate star_rate star_rate star_rate

      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

      Richard Lee

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

      Sarah Harris-Smith

      star_rate star_rate star_rate star_rate star_rate

      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

      Ashley Havens

      star_rate star_rate star_rate star_rate star_rate

      "Very useful free advice using Live Chat facility. Helpful to understand different options available and the consequences associated with them. Would definitely recommend."

      Monica Khan

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to a professional called Chris he was amazing from start to finish with an honest open approach. He managed to make me feel comfortable to ask some sensitive questions without judgement. Giving me facts and advice to support me in coming to decisions with no pressure. I can only say it has helped to take some pressure off at a difficult time and would recommend that you pick up the phone and make the call to this firm."

      M Akram

      star_rate star_rate star_rate star_rate star_rate

      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

      Richard Lee

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

      Sarah Harris-Smith

      star_rate star_rate star_rate star_rate star_rate

      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

      Ashley Havens

      star_rate star_rate star_rate star_rate star_rate

      "Very useful free advice using Live Chat facility. Helpful to understand different options available and the consequences associated with them. Would definitely recommend."

      Monica Khan

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to a professional called Chris he was amazing from start to finish with an honest open approach. He managed to make me feel comfortable to ask some sensitive questions without judgement. Giving me facts and advice to support me in coming to decisions with no pressure. I can only say it has helped to take some pressure off at a difficult time and would recommend that you pick up the phone and make the call to this firm."

      M Akram

      star_rate star_rate star_rate star_rate star_rate

      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

      Richard Lee

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

      Sarah Harris-Smith

      star_rate star_rate star_rate star_rate star_rate

      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

      Ashley Havens

      star_rate star_rate star_rate star_rate star_rate

      "Very useful free advice using Live Chat facility. Helpful to understand different options available and the consequences associated with them. Would definitely recommend."

      Monica Khan

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to a professional called Chris he was amazing from start to finish with an honest open approach. He managed to make me feel comfortable to ask some sensitive questions without judgement. Giving me facts and advice to support me in coming to decisions with no pressure. I can only say it has helped to take some pressure off at a difficult time and would recommend that you pick up the phone and make the call to this firm."

      M Akram

      star_rate star_rate star_rate star_rate star_rate

      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

      Richard Lee

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

      Sarah Harris-Smith

      star_rate star_rate star_rate star_rate star_rate

      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

      Ashley Havens

      star_rate star_rate star_rate star_rate star_rate

      "Very useful free advice using Live Chat facility. Helpful to understand different options available and the consequences associated with them. Would definitely recommend."

      Monica Khan

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to a professional called Chris he was amazing from start to finish with an honest open approach. He managed to make me feel comfortable to ask some sensitive questions without judgement. Giving me facts and advice to support me in coming to decisions with no pressure. I can only say it has helped to take some pressure off at a difficult time and would recommend that you pick up the phone and make the call to this firm."

      M Akram

      star_rate star_rate star_rate star_rate star_rate

      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

      Richard Lee

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

      Sarah Harris-Smith

      star_rate star_rate star_rate star_rate star_rate

      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

      Ashley Havens

      star_rate star_rate star_rate star_rate star_rate

      "Very useful free advice using Live Chat facility. Helpful to understand different options available and the consequences associated with them. Would definitely recommend."

      Monica Khan

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to a professional called Chris he was amazing from start to finish with an honest open approach. He managed to make me feel comfortable to ask some sensitive questions without judgement. Giving me facts and advice to support me in coming to decisions with no pressure. I can only say it has helped to take some pressure off at a difficult time and would recommend that you pick up the phone and make the call to this firm."

      M Akram

      star_rate star_rate star_rate star_rate star_rate

      "would like to thank Beverley Horton for answering all my question quickly and clearly. Would definitely recommend getting in touch if you have any financial issues and need quick clear answers"

      Richard Lee

      star_rate star_rate star_rate star_rate star_rate

      "I spoke to Beverly Horton on behalf of a client for a confidential insolvency matter and Beverly was extremely helpful, providing the advice I needed extremely quickly through the live chat. Very good service and I highly recommend Wilson Field."

      Sarah Harris-Smith

      star_rate star_rate star_rate star_rate star_rate

      "Thanks to Beverly Horton, I managed to find out the exact answer to a business matter that I'd struggled to get help with. She not only answered the question quickly and confidently but I felt under no obligation to pay for anything, just honest free advice. I'd have no reservations in contacting Beverly in the future."

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