Company status
What is voluntary administration?
Updated 2026-06
Voluntary administration is a process where an independent administrator takes control of a struggling company to work out whether it can be saved or whether creditors would do better another way. The company is under external control while it runs.
Key facts
- An administrator runs the company during the process.
- It aims to rescue the company or get a better outcome for creditors.
- It is a strong signal to check your exposure before doing more.
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