When a company or partnership gets into financial trouble an administrator or administrative receiver may be appointed.
The role of an administrator is to get the company out of trouble and trading again if possible.
Administrators can be appointed to a company that is unable, or is likely to become unable, to pay its debts.
They can be appointed by any of the following:
- the courts - on application from a creditor, directors or partners
- the holder of a qualifying floating charge over the assets of the business
- the company or its directors
An administrator's primary goal is to rescue the company as a going concern. If this isn't possible, the administrator will try to get a better result for the creditors than would be possible if the company was wound up. If neither of these is possible, the administrator will sell the company's property to make at least a partial payment to one or more secured or preferential creditors, such as employees or the bank.
Administration can also apply to partnerships.
When a company borrows money, the lender is usually given some security over the company's assets to guarantee payment. If the company fails to keep the terms of the loan or encounters financial difficulties, the lender may be entitled to appoint an administrative receiver. An administrative receiver is an insolvency practitioner who has control of the whole, or a substantial part, of the company's property and wide powers over the business.
The administrative receiver is mainly concerned with getting back the money owed to the secured creditor. The administrative receiver may sell the assets piecemeal, or sell the whole business as a going concern to pay off the secured creditor, and the costs of the receivership.
Since 15 September 2003 the right to appoint an administrative receiver is generally limited to debenture holders whose charge existed at that date.
UNITED IN CHRIST LLP - OC 346986 - Appointment without consent & Residence used as Reg. Office address
An individual has complained to Companies House that she has been appointed as director (LLP designated member) without her consent. She used to reside at the Registered Office address in DARTFORD but no longer lives there and did not give permission for this to be used as the Registered Office address.
GANDZA LTD - 6830877 - RESIDENCE USED AS REG. OFFICE ADDRESS
Companies House has received a complaint that this company is using an address in BRENTFORD as their registered office address and the director Mr Tomasz GANDZA is also using the address. The company was incorporated on 26/02/2009. The occupier does not know the company or the director.
ANB PRINTING LIMITED - 7169628 - Company not known at Registered Office address
This company was incorporated on 25/02/2010 with its Registered Office address shown as UNIT 3, GATEWAY TRADING ESTATE, HYTHE ROAD, LONDON NW10 6RJ. This address is that of another company who have no knowledge of ANB Printing. The director has provided a Service address which is that of the formation agents.
PARTNERS2CREATE UK LTD - 07124914 - Residence used as company Registered Office address
This company was incorporated on 13/01/2010 with a Registered Office address in SUNBURY. This property is a residential property which is rented out. The director, Eli SHIMONY, used to live there but moved out in August 2009 (long before the company was incorporated!). The address shown for him is in Isreal.
SIDIKSHOEV LIMITED - 7023550 - Appointment without consent
An individual has complained to Companies House that he has been appointed as director without his knowledge or consent. This could also be a possible fraudulent incorporation.
BUILDING AUTOMATION SOLUTIONS Limited - 5827765 - Fraudulent change of Registered Office address
This company’s Registered Office address was changed by means of submission of paper AD01 on 24/02/2010 to 78 YORK STREET, LONDON W1 1DP. This is a serviced office facility (which has been used in this way several times before!). The Register has been amended to show the correct address.
SERV.ONE Ltd - 7174115 - Possible fraudulent incorporation
This company was incorporated on 02/03/2010 and has the Registered Office address in HORSHAM, WEST SUSSEX. This is also shown as the address for the director, Bruno FRANCISCI. The owner of the property has no knowledge of either the company or the director and have not consented to the address being used in this way.
This company was incorporated on 27/01/2009 with three company officials being named fraudulently. They have complained to Companies House that these appointments were made without their knowledge or consent.
CYBERNETUK.CO.UK Ltd - 7100285 - Possible fraudulent trading
The registered address of THE LANSDOWNE BUILDING, 2 LANSDOWNE ROAD, CROYDON, CR9 2ER. This is a Regus office address. The delivery address is shown as PO BOX 53789, LONDON, SE25 5BD has been used in an impersonation attempt against CYBERNETUK.CO.UK Ltd. Darrel CAREY also used the telephone number - 01502797979 - in the impersonation attempt. CYBERNET ONLINE UK Ltd was incorporated on 10/12/2009, customers were approached by Darrel CAREY purporting to be from CYBERNETUK.CO.UK Ltd which was the subject of a previous referral. The delivery address locates residential accommodation however a PO Box 53789 cannot be found.
CHELVEY DEVELOPMENTS Ltd - 4918428 - Personation
Goods were ordered in the company name for delivery to - CORNWALL WORKS, 3 GREEN LANE, SHEFFIELD, S3 8SJ. This address has been used in previous personations.
B INTERIORS Ltd - 5206939 - Possible fraudulent trading
This company has undergone a number of new appointments and resignations and changes of Registered Office in the last 12 months. The current Registered Address is shown as WHITE WEBS COTTAGE, MAIN ROAD, MARGARETTING, INGATESTONE, ESSEX, CM4 9HX. This is also shown as the address of the director, Anthony Peter TORTISE but I cannot find him on the Voters Register.
BRITADRIA Ltd - 7158718 - Residence used as Registered Office address
This company was incorporated on 16/02/2010 with a Registered Office address in LONDON. This is also shown as the address for the director of Sanjin BJELOBERK. Neither the director nor the company are known to the occupier of the address.
SPEEDFIX AUTO Limited - 6830264 - Co. not known at Registered Office address
Registered Office shown in SLOUGH. This is also shown as the address for the director, Wasiq LABIB. He is not shown at the address on the Voters Register. Neither he nor the company are known to the owner of the property.
RBW MANAGEMENT Limited - 6770443 - Residence used as Director’s address
The director, William JACKSON is shown as residing at an address in CAMBRIDGE. He is not shown at the address on the Voters Register. Neither he nor the company are known to the owner of the property.
S M PAYROLL SERVICES Limited - 6814175 - Appointment without consent
An individual has been appointed as director without his knowledge or consent. He is shown as appointed on incorporation. The Secretary, Sulayman MELBOURNE, is shown as residing at 10 DORRIT HOUSE HENRY DICKENS COURT, ST ANNS RD, LONDON, UNITED KINGDOM, W11 4DR which is also the Registered Office address. He is also shown on the Voters Register for the address along with several other people.
HEALTHCARE & COMMUNITY SOLUTIONS Ltd - 4903938 - Fraudulent change of Registered Office & Fraudulent change of Company name
This company’s Registered Office address was changed by submission of paper AD01 on 20/02/2010 to 78 YORK STREET, LONDON, W1 1DP. (This is a serviced office facility). A few days later, the company name was changed to SIMPLE HEALTHCARE SOLUTIONS Ltd - at the new address. Both changes have now been rectified and the Register shows the correct details for the company.
MERCIA HEALTHCARE Ltd - 3693524 - UPDATE
This company was subject of a recent referral whereby the Registered Office address was changed to 78 YORK STREET, LONDON, W1 1DP. The company name was also changed, to SIMPLE HEALTHCARE Ltd. This change has now been corrected and the correct details shown on the Register.
VOL TRADING LIMITED - 07173498 - Residence used as Registered Office address
This company was incorporated on 02/03/2010 with its Registered Office address in BOREHAMWOOD, HERTS. This address is also shown as the address for the director, John MAGUIRE. Neither he nor the company are known to the owner of the property.