Buying businesses and assets from an administrator ~ Guidelines for the unwary – 11 Stone Buildings

Posted May 12th, 2014 in administrators, employment, insolvency, news, sale of goods by sally

‘Purchasing businesses and assets from an administrator can be tempting at an attractive price but there are lots of traps for the unwary. In this Insider, Tom Shepherd focuses on three key areas to consider when there is a sale of a business out of administration. First, he lists the types of sale that an administrator is likely to be involved in, including the much talked about pre-pack. Then he outlines the different types of due diligence a purchaser might want to think about when he is buying assets from an administrator. Last but not least, he considers the position of employees in that situation.’

Full story (PDF)

11 Stone Buildings, May 2014