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Why is it sometimes better than administration?

Why is it sometimes better than administration?


Administration is used when there is a core business to be rescued or profitable work to complete.

Liquidation applies when the company needs to cease trading and there are no profitable contracts to complete and/or no prospect of a rescue or sale of any of the business

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 Renewal
“You made a very difficult time much easier for us.”
R Johns
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 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 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