Pre Conditions for Administration

  • The Company has not in the previous 12 months been in Administration as a result of either a direct appointment by the Company or its Directors or an application by them, and it has not during that period been subject to a moratorium in respect of a failed Company Voluntary Arrangement (“CVA”) under Schedule A1 to the Act or a moratorium not followed by a CVA;
  • The Company is or is likely to become unable to pay its debts;
  • There is no outstanding application for Administration in respect of the Company;
  • The Company is not in liquidation; and
  • There is no Administrator or Administrative Receiver in office.

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