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The Administrator and his Powers

An administrator is a very powerful animal.

The freezing effect of an administration appointment are summarised on another on another part of this website. Click here for details.

When you appreciate that an administrator has the power to:

• dismiss directors, managers and employees

• close down outlets

• negotiate the sale of the business of the company

• put forward re-structuring proposals to creditors

You will recognise that an administration process provides a relatively unfettered way to re-organise the affairs of a company - to either ensure its rescue or to produce a better result for creditors than would have been obtained if there had been no administration.