Move over pre-packaged administration, it’s time for light touch administration
2 min read
When people think of administration, they are likely to think of business failure. However, when administration was re-vamped in 2003, its primary purpose was survival, not failure, of a company. Over the past 16 years, nearly all administrations have followed the second purpose of business and asset sale or the third purpose of security enforcement, both resulting in the liquidation and/or dissolution of the company.