An Administrative Receiver (AR) is appointed by or on behalf of the holder(s) of a floating charge over the whole or substantially the whole of a company’s assets. The charge must have been created prior to 27 March 2006 in respect of companies registered in Northern Ireland. The AR may continue to operate the business with a view to achieving a going concern disposal.  The AR owes a primary duty of care to the debenture holder and the preferential creditors.
 
To find out more or to arrange a free consultation without any obligation please contact:
 
Darren Bowman T: 028 9032 3466 E: darrenbowman@bakertillymm.co.uk or
Lisa Lappin T: 028 9032 3466 E: lisalappin@bakertillymm.co.uk.