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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

Informal solutions

Not all financial crises need end up as formal insolvency situations.

There can be a huge number of possibilities to help struggling businesses by some sort of rescue or restructuring procedure. Remember that Dodd Rescue is backed up by Dodd & Co Limited (Chartered Accountants) which offers a huge resource and wealth of experience in advising the SME sector. This makes Dodd Rescue ideally placed to advise you if you find yourself in a financial crisis.  We are truly objective; we can advise you on both the insolvency route or the recovery route and you can feel confident that we have your best interests at heart.

To find out more about how we can help please call either Carol, Jackie or Jeanette on 01768 864466.