Placing your company into administration can give you the breathing space you need to regroup and plan for the future without the immediate pressure from creditors. During this time, any legal action from creditors is paused, and a licensed insolvency practitioner (administrator) steps in to manage the company. Their goal is to find the best outcome—whether that means saving parts of the business, restructuring, or maximising returns for creditors.

However, administration is only temporary. Once your company has stabilised, it will need to exit administration. This can happen in a few ways: through successful restructuring, selling the business, or moving to another process like a Company Voluntary Arrangement (CVA).

If you think administration might be the right option for your business, we at YLA are here to help guide you through this process and explore the best options for your future.