Voluntary Administration is a formal process designed to give a financially distressed company breathing space while its future is assessed.
Voluntary Administration is a formal process designed to give a financially distressed company breathing space while its future is assessed.
An administrator is appointed to take control of the company, investigate its affairs and report to creditors. Creditors then decide whether the company should be returned to directors, enter a Deed of Company Arrangement, or go into liquidation.
Early action can improve the range of options available and reduce uncertainty for directors, creditors and stakeholders.
Book a ConsultationVoluntary Administration may be considered where a company is insolvent or likely to become insolvent, but there may still be a chance to restructure, preserve value or achieve a better outcome for creditors.
We review the immediate circumstances, stakeholders, risks, documents and timing so the situation is understood before decisions are made.
We explain available pathways in plain English, including the practical consequences of each option and what may happen next.
Where an appointment or formal process is required, we communicate clearly and focus on practical, commercially sensible outcomes.
Every matter is different, but most engagements follow a clear sequence of review, communication, implementation and reporting.
JLA listens to the circumstances and identifies the immediate issues, stakeholders and time pressures.
Relevant information is reviewed so the available options and risks can be understood.
Stakeholders are contacted where appropriate and the process is explained clearly.
The agreed strategy or formal process is implemented with attention to compliance and practical outcomes.
Progress, decisions and next steps are communicated throughout the engagement.
These answers are general information only. Specific advice depends on the facts of the matter.
Not necessarily. Some companies continue trading during administration if that is considered appropriate.
Creditors usually vote on the company’s future at the second meeting of creditors.
A Deed of Company Arrangement is a proposal that may allow a company to compromise debts and continue in some form.
Yes, directors commonly appoint an administrator when they believe the company is insolvent or likely to become insolvent.
If this situation affects you, your business or a company you deal with, confidential advice can help clarify the next step.