Liverpool Administration

Liverpool Administration refers to the formal process of managing a company’s affairs when it becomes insolvent or unable to pay its debts. An administrator, often an independent licensed professional, is appointed to take control of the company. Their primary goal is to either rescue the business, sell its assets to pay creditors, or achieve the best possible outcome for all stakeholders. This process aims to stabilize the company, maximize value, and minimize losses without necessarily closing the business immediately. It provides a structured way to handle financial difficulties while balancing the interests of creditors, employees, and other parties involved.