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Company Receivership

What is Company Receivership?

When financial difficulties hit your company, you need to take a serious look at the long term viability of your business.

This may require a restructuring of the business model, trimming unnecessary expenditure, selling equipment, reducing stock or changing the direction of the business to meet the changing market demands. Restructuring your business may just require an individual voluntary arrangement (IVA) or a company voluntary arrangement (CVA).

If your business is insolvent and a long term plan is unfeasible, you may be forced into receivership.

Receivership and Administration

Although the two are often confused, receivership and administration are two different processes. You may find that your relationship with the bank has broken down and your company is insolvent. A receiver is appointed by a floating charge holder, which is usually the bank or a secured lender. When a loan is made to a company by a bank or a secured lender, a form of security is required, with fixed and floating charges attached to the agreement to give the bank security through the assets of the company.

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This website has been written and intended for registered limited companies in the UK only. The site contains general information and resources for limited companies only in financial trouble. Insolvency Helpline only work with limited companies to offer solutions for their business debt problems. Insolvency Helpline cannot offer help or advice any other entity except limited companies. Insolvency Helpline does not advise individuals, sole traders or partnerships seeking debt advice. If you are an individual, sole trader or partnership seeking advice, we recommend using an alternative service.

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