Administrations (Northern Ireland only)

Administrations (Northern Ireland only)

An application for an administration order can be made to Court by the directors of a company.

An application for an administration order can be made to Court by company directors.

An application for an administration order can be made to Court by the directors of a company, provided the Court is satisfied that one of the following four objectives will be achieved:

  • The survival of the company and the whole or part of its undertaking as a going concern 
  • The approval of a voluntary arrangement 
  • The sanctioning of a compromise or arrangement under Article 418 of the Companies (NI) Order 1989 
  • A more advantageous realisation of the company’s assets than would occur in a winding up.

Having been appointed Administrator, it is our job to manage the affairs, business and property of the company. Our primary objective is to ensure company rescue as a going concern. If this is not possible, we examine the company’s range of options, with our ultimate objective being a better result for creditors than any other form of Insolvency proceedings by realising the assets of the company.

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Restructuring

At every stage in the business life cycle events may not go as expected.

 
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