Purnells Administration Services

About Purnells Administration Services

We are licenced Insolvency Practitioners who specialise solely in giving insolvency advice and providing insolvency options to sole traders, individuals, partnerships and limited companies.

An administration is designed to provide a breathing space from creditor actions, whilst Licensed Insolvency Practitioners (acting as the "Administrator") take control of and evaluate the company, and the best course of action to take for all stakeholders, following established procedures and requirements set out by the government.

Placing a company in to administration will within 24 hours (if needed) freeze creditor action, including HMRC and prevent further court action (such as CCJs and winding up petitions + orders). Placing a company in to administration can be initiated by either the directors/shareholders or a floating charge holder.

In order for an administration order to be granted by the court, several requirements must be met, and the administration must usually either be deemed likely to result in rescue as a going concern or be more fruitful for creditors than an immediate liquidation.

For more information about administration, please see the navigation panel. Our what is Administration page also provides more details.