‘In England and Wales, a company can enter an insolvency process/procedure known as ‘administration’. One of the ways a company may be put into administration- that is, have administrators appointed over the company – is by the holder of a qualifying floating charge over (all, or substantially all) the company’s assets, exercising a power under the Insolvency Act 1986, Schedule B1, paragraph 14, to so appoint. Such an appointment of administrators occurs ‘out of court’ (i.e. not by court order), and, is categorised as a method of ‘enforcement’.’
33 Bedford Row, 18th January 2026
Source: www.33bedfordrow.co.uk
