Administration is best described as a tool which enables the company's owners to retain control of the company whilst offering it protection from legal action by the company's creditors. If your company is currently subjected to a winding up petition then buy putting your company into administration will put a legal stay on all actions by your creditors. If HMRC or your bank has issued a winding up petition speak to us now it is not too late to rescue your company!
Please browse our useful guides below on Company Administration