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How quickly can you do it?

How quickly can you do it?

From within two days but more realistically within one to two weeks.

The quicker the directors act, the quicker the procedure can take place. 

Directors need to be proactive in their decision making and actions but there is usually real pressure to get things underway quickly once administration is identified as the best insolvency procedure to use in the circumstances.

Realistically the directors will work together with their chosen IP to form a strategy regarding the proposed administration timescales and on average it will usually be two weeks from the initial meeting with the IP to their actual appointment taking place.

David Kirk ACA FABRP

David Kirk

David Kirk is a Chartered Accountant and Licensed Insolvency Practitioner.
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Business Renewal
"It was a very difficult decision to make to go into Administration but now I am so glad we did it. David and his team were great thank you."
Jacci Dellaway of Baylift Services Ltd
Business Rescue
"David Kirk helped us with an Administration to rescue the business. He did exactly what he said he would do. It has worked out very well."
Chris Pratt of Elecsis Ltd
Business Recovery
"We were cornered and thought it was the end of the business after 20 years but he got us out of it."
Lynne Firman of Just Beds Ltd
Business Renewal
“You made a very difficult time much easier for us.”
R Johns
Business Rescue
“At the initial meeting you told us the good and bad things that can happen and were honest and told us to watch out for. No one else had done that.”
J White