When to Act: How Administration Can Save Your Business | Preserving Jobs & Assets
When financial pressure mounts and creditor demands become overwhelming, it can feel like your business is on the brink. Acting early is vital. Administration can provide the breathing space needed to restructure, rescue jobs, and preserve assets.
But can Administration save your business? At Bennett Verby Corporate Recovery, we specialise in helping businesses find the right solution when it matters most, whether that’s Administration or not.
What Is Administration & Why It Matters
Administration is a formal insolvency procedure designed to protect a company while a plan is created for its survival. Once appointed, an Administrator gains control of the business and a moratorium comes into effect, halting all legal action by creditors.
Key benefits of Administration include:
- Legal protection: Stops creditor claims and enforcement action.
- Rescue potential: Allows time to restructure or sell the business as a going concern.
- Preserving jobs and assets: Ensures continuity for employees and stakeholders.
Learn more about Administration here.
When to Act: Signs You May Need Administration
Recognising the right time to consider Administration can mean the difference between recovery and collapse. Warning signs include:
- Persistent cash flow problems like difficulty paying wages, suppliers or rent.
- Mounting creditor pressure, statutory demands, or winding-up petitions.
- A viable business model that cannot survive without immediate breathing space.
How Administration Works to Preserve Jobs & Assets
The process typically involves:
- Appointment of an Administrator to oversee operations.
- A moratorium that provides immediate legal protection.
- Stabilisation of trading or arranging a sale of the business as a going concern.
Outcomes include rescue of the company, transfer of the business in a pre-packaged scenario, or orderly winding down.
In 2025, Bennett Verby acted in the pre-packaged sale of a taxi business and online clothing retailer, resulting in the retention of the vast majority of the entire workforce.
Complementary Recovery Services
Administration is not the only option. Depending on the circumstances, Bennett Verby can also provide:
- Business Turnaround: Tailored strategies to restore profitability and avoid formal insolvency.
- Confidential Advice: Free, discreet consultations to explore the best route forward.
- Independent Business Reviews (IBRs): Detailed assessments of viability, often requested by lenders.
- Informal Arrangements: Negotiations with creditors, including HMRC, to ease immediate pressures.
- Other Options: Liquidations, Receiverships, and Voluntary Arrangements (CVAs/IVAs) when Administration is not the right fit.
Why Early Intervention Makes a Difference
The earlier you seek advice, the more options you have available. Acting quickly not only increases the chance of saving jobs and assets but also helps preserve brand value and customer confidence. Our team at Bennett Verby understands the sensitivity of these situations and offers practical, confidential support to guide you through.
How Bennett Verby can help
Administration can provide struggling businesses with a vital second chance. It protects assets, preserves jobs, and allows time for recovery or sale. But timing is everything. The sooner you act, the better the outcome for your company, employees, and creditors.
If your business is under pressure, don’t wait. Contact Bennett Verby Corporate Recovery today for a confidential, no‑obligation discussion about your options.
