What does administration mean?    For a viable company that’s struggling with company insolvency, a company administration can be a catalyst for change; a lifeline to corporate turnaround.    Company administration benefits The rescue process will potentially save jobs as well as protect directors from any exposure to wrongful trading risks.  Frequently, as a result of corporate turnaround…

Aerial Painters Limited. A bespoke, specialist service provider that painted and maintained radio masts, plus other large structures of up to 400m.   As one of only four providers in the market place, the director had built up a good client base including ‘blue chip’ companies.  One significant contract being the preparation of masts for the digital switch over. Unfortunately, bad debt and payme…