What is administration?

What is administration?

What is administration? Administration is the process whereby an insolvency practitioner (a professional who acts on behalf of companies experiencing financial distress) is appointed as an “administrator” to formally take control of an insolvent company in order to...
When is a company insolvent?

When is a company insolvent?

When is a company insolvent? There is wide ranging confusion in the UK about what the term “insolvent” actually means. News outlets often use the term incorrectly, or otherwise blend it with other common phrases that apply to companies in financial struggle (for...