{"id":169478,"date":"2024-08-29T10:36:10","date_gmt":"2024-08-29T09:36:10","guid":{"rendered":"https:\/\/opusllp.com\/restructuring-insolvency\/?page_id=169478"},"modified":"2024-11-28T08:58:19","modified_gmt":"2024-11-28T08:58:19","slug":"administrative-receivership","status":"publish","type":"page","link":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/","title":{"rendered":"Administrative Receivership"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Administrative Receivership<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tA charge holder with a floating charge can appoint an Administrative Receiver if they hold security that pre-dates the Enterprise Act. Preventing your company from being forced into Receivership depends on how quickly you engage with the charge holder. Alternatively you maybe the holder of a charge that entitles you to appoint Receivers.<\/big>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\tContact Us<\/span>\n\t\t\n\t\t\n\t\t\t<\/i>\t\t\t\t\t<\/span>\n\t<\/span>\n<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

What is Administrative Receivership?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Administrative Receivership is an insolvency process initiated by a secured creditor with the benefit of a floating charge, usually a bank or a financial institution, where there has been a breach of the facility that has not been remedied by the borrower.<\/p>

Administrative Receivers are appointed to sell the business and assets of the company in order to repay the sums owed to the secured creditor. It is a procedure used increasingly less often because the security under which receivers are appointed must have been dated before 15 September 2003.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

What is a debenture?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

A debenture is the most common type of collateral given by a borrower to a lender to secure its debt. It usually gives the lender both fixed and floating charges over all of a borrower\u2019s assets. By taking a debenture, a lender not only feels that their debt is safer, but it gives them a mechanism for taking control of the assets through the appointment of Administrative Receivers, who then sell them to repay all or as much of the outstanding debt and interest as possible.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Respond quickly if a lender is appointing Receivers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Preventing your company from being forced into Administrative Receivership depends on how far the lender has gone towards appointing Receivers and how quickly you take action after becoming aware that the secured creditor is planning to make such an appointment. If you have already breached the terms of your banking or loan agreement, you should contact us as soon as possible to discuss the alternative options which may still be available.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Advice on Administrative Receiverships<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

For more information on Administrative Receiverships, we offer an initial free consultation to review the situation and make recommendations on the best way forward. If we think that Administrative Receiverships is the best route forward, our specialists can support the business at every step of the way through the process.<\/p>

Contact our Head Office on\u00a0+44 (0) 20 3326 6454<\/a>\u00a0to arrange a no obligation and confidential call with one of our Partners.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Keeping informed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Sign up to our monthly newsletter sharing the latest insights and industry news<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tSign Up<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Administrative Receivership A charge holder with a floating charge can appoint an Administrative Receiver if…<\/p>\n","protected":false},"author":1,"featured_media":170075,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-169478","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nAdministrative Receivership - Opus Restructuring & Insolvency<\/title>\n<meta name=\"description\" content=\"Administrative Receivership is an insolvency process initiated by a secured creditor with the benefit of a floating charge, usually a bank..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Administrative Receivership - Opus Restructuring & Insolvency\" \/>\n<meta property=\"og:description\" content=\"Administrative Receivership is an insolvency process initiated by a secured creditor with the benefit of a floating charge, usually a bank..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/\" \/>\n<meta property=\"og:site_name\" content=\"Opus Restructuring & Insolvency\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-28T08:58:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-1404061030.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1661\" \/>\n\t<meta property=\"og:image:height\" content=\"631\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/\",\"url\":\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/\",\"name\":\"Administrative Receivership - Opus Restructuring & Insolvency\",\"isPartOf\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-1404061030.jpg\",\"datePublished\":\"2024-08-29T09:36:10+00:00\",\"dateModified\":\"2024-11-28T08:58:19+00:00\",\"description\":\"Administrative Receivership is an insolvency process initiated by a secured creditor with the benefit of a floating charge, usually a bank..\",\"breadcrumb\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#primaryimage\",\"url\":\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-1404061030.jpg\",\"contentUrl\":\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-1404061030.jpg\",\"width\":1661,\"height\":631,\"caption\":\"business consulting services. advisor and businessman working with digital tablet at desk in office. corporate strategy\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/opusllp.com\/restructuring-insolvency\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Administrative Receivership\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/#website\",\"url\":\"https:\/\/opusllp.com\/restructuring-insolvency\/\",\"name\":\"Opus Restructuring & Insolvency\",\"description\":\"Delivering financial and operational support to businesses\",\"publisher\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/opusllp.com\/restructuring-insolvency\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/#organization\",\"name\":\"Opus Restructuring & Insolvency\",\"url\":\"https:\/\/opusllp.com\/restructuring-insolvency\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2020\/04\/ORI-Logo-White-and-Bright-Green-Website.png\",\"contentUrl\":\"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2020\/04\/ORI-Logo-White-and-Bright-Green-Website.png\",\"width\":1042,\"height\":334,\"caption\":\"Opus Restructuring & Insolvency\"},\"image\":{\"@id\":\"https:\/\/opusllp.com\/restructuring-insolvency\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Administrative Receivership - Opus Restructuring & Insolvency","description":"Administrative Receivership is an insolvency process initiated by a secured creditor with the benefit of a floating charge, usually a bank..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/","og_locale":"en_GB","og_type":"article","og_title":"Administrative Receivership - Opus Restructuring & Insolvency","og_description":"Administrative Receivership is an insolvency process initiated by a secured creditor with the benefit of a floating charge, usually a bank..","og_url":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/","og_site_name":"Opus Restructuring & Insolvency","article_modified_time":"2024-11-28T08:58:19+00:00","og_image":[{"width":1661,"height":631,"url":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-1404061030.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/","url":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/","name":"Administrative Receivership - Opus Restructuring & Insolvency","isPartOf":{"@id":"https:\/\/opusllp.com\/restructuring-insolvency\/#website"},"primaryImageOfPage":{"@id":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#primaryimage"},"image":{"@id":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#primaryimage"},"thumbnailUrl":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-1404061030.jpg","datePublished":"2024-08-29T09:36:10+00:00","dateModified":"2024-11-28T08:58:19+00:00","description":"Administrative Receivership is an insolvency process initiated by a secured creditor with the benefit of a floating charge, usually a bank..","breadcrumb":{"@id":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#primaryimage","url":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-1404061030.jpg","contentUrl":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2024\/09\/iStock-1404061030.jpg","width":1661,"height":631,"caption":"business consulting services. advisor and businessman working with digital tablet at desk in office. corporate strategy"},{"@type":"BreadcrumbList","@id":"https:\/\/opusllp.com\/restructuring-insolvency\/administrative-receivership\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/opusllp.com\/restructuring-insolvency\/"},{"@type":"ListItem","position":2,"name":"Administrative Receivership"}]},{"@type":"WebSite","@id":"https:\/\/opusllp.com\/restructuring-insolvency\/#website","url":"https:\/\/opusllp.com\/restructuring-insolvency\/","name":"Opus Restructuring & Insolvency","description":"Delivering financial and operational support to businesses","publisher":{"@id":"https:\/\/opusllp.com\/restructuring-insolvency\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/opusllp.com\/restructuring-insolvency\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/opusllp.com\/restructuring-insolvency\/#organization","name":"Opus Restructuring & Insolvency","url":"https:\/\/opusllp.com\/restructuring-insolvency\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/opusllp.com\/restructuring-insolvency\/#\/schema\/logo\/image\/","url":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2020\/04\/ORI-Logo-White-and-Bright-Green-Website.png","contentUrl":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-content\/uploads\/sites\/4\/2020\/04\/ORI-Logo-White-and-Bright-Green-Website.png","width":1042,"height":334,"caption":"Opus Restructuring & Insolvency"},"image":{"@id":"https:\/\/opusllp.com\/restructuring-insolvency\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/pages\/169478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/comments?post=169478"}],"version-history":[{"count":5,"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/pages\/169478\/revisions"}],"predecessor-version":[{"id":172131,"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/pages\/169478\/revisions\/172131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/media\/170075"}],"wp:attachment":[{"href":"https:\/\/opusllp.com\/restructuring-insolvency\/wp-json\/wp\/v2\/media?parent=169478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}