An administration order is a procedure where a company in financial difficulty can seek an Order of the Court temporarily protecting the company from action by its creditors if a viable plan can be devised to the satisfaction of the Court and the company's creditors to possibly save the whole or part of the company's business as a going concern, provide a better realisation of assets than would occur in a liquidation or to agree a company voluntary arrangement free of the threat of the company being wound up by its creditors.

The principal advantage of this procedure is the protection afforded the company by the Court upon the granting of the Administration Order but the disadvantage is that it can be considerably more expensive than a Company Voluntary Arrangement because solicitors and barristers have to be employed in the High Court and a detailed accountants report has to be prepared.

Naturally, we would be pleased to consider in confidence and without prejudice with you the possible merits of an application for an Administration Order.