Expert Answer

An Administrator is permitted to trade what may appear to be an insolvent Company, if he believes that the Company can be rescued and that the underlying business model is viable.  One of the aims of Administration is to rescue a business as a going concern so that it may be handed back to its Directors or be sold to the highest bidder, and so if you have a good business model but are weighed down by some historical debts please get in touch with us. We have a team of qualified and licensed Insolvency Practitioners waiting to discuss all available options with you.