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Thursday, 14 June 2012

Administration followed by a CVA flowchart

This is what the administrators at Glasgow Rangers were trying to do.  An administration followed by a CVA is a way to exit an administration and continue to trade.  It is particularly common in football as it is a way of ensuring that the club can continue in the league as no new license is required as there is no new company.  However the mechanism can be used in many other situations.  We have created a flowchart to help explain the procedures.

Please click here for the full flowchart.

Need more explanation or wondering if it could work for you? 

Call 0800 9700539

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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