Joint Administrators

Joint Administrators are appointed when a company is facing financial difficulties and needs help managing its affairs. They are usually licensed professionals, such as accountants or lawyers, tasked with taking control of the company's operations to protect its assets and pay off debts. The Joint Administrators work together to assess the company's situation, develop a plan for recovery if possible, or manage the orderly sale of its assets. Their goal is to maximize returns for creditors while minimizing losses, ultimately determining the best way forward for the struggling business.