Administrator
An independent practitioner who takes control of a company during voluntary administration to investigate and recommend an outcome to creditors.
What an administrator does
An administrator is an independent, registered practitioner appointed to manage a company that is, or is likely to become, insolvent. They take over control of the company's business, property and affairs, investigate its financial position, and form a view about the best way forward. The administrator then puts options to creditors so they can decide the company's future.
Working with creditors
The administrator reports to creditors on the company's affairs and recommends whether the company should be handed back, enter a deed of company arrangement, or be wound up. They act in the interests of creditors as a whole rather than any single party. This is general information only and not legal advice. The procedure itself is explained at voluntary administration.
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