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Wrong. Any sale back to company directors must be for full market value. Administrators are under a strict duty to ensure that the assets are marketed to outsiders before any final sale back to directors are agreed. And remember - you must have on-going funding available to buy back the assets and continue to trade, so directors need to be 100% certain that they can pay for the assets before entering into any agreement to buy back. Administration is not as simple as you may have been lead

Dodd & Co Chartered Accountants

Dodd Rescue is a part of Dodd & Co Chartered Accountants.

Dodd & Co offer accountancy and taxation services to a wide range of different clients with specialisms in a whole host of different sectors from farming, to healthcare and everything in between.

Established for over 30 years Dodd & Co have the experience and expert know how to help you with your accountancy and taxation needs, whatever they may be.

We can help with all aspects of running your business from ensuring that you have the correct business structure, helping to ensure that you have an efficient bookkeeping system, advising you how to obtain maximum tax relief and advice on how to grow your business and expand. No matter what your business, we have the expertise and experience to deal with it so give us a call and come in for a chat.

Visit our website to find out more.

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