The administration of a company is the process that helps a company survive severe financial difficulty, and offers protection from creditors who may be seeking to wind it up and recover funds owed to them. On appointment, the administrator determines the best plan of action, taking into account the business’ current financial status and the unique issues being faced
CIBER has a unique offering for construction through our expert business turnaround strategies delivered by our partner-led panel of licensed insolvency practitioners. CIBER has the construction industry-wide experience, hundreds of demonstrable case studies, and can help your business navigate challenging times with confidence.
Pre Package
A pre-packaged administration is a specific form of administration that is characterised by a short duration when compared with the ‘standard’ procedure, which serves to preserve asset values and protect jobs.
Company Negotiated Administration CNA™
A Negotiated administration may be possible through formal negotiations with creditors, or the traded sale of assets. The company then trades its way out of difficulty once the negotiator has restored stability.
Company Voluntary Arrangement CVA
A Company Voluntary Arrangement formally restructures debt repayments to make them more affordable to the business over an extended period of time – typically between two and five years. All interest and charges are frozen, and debt remaining at the end of the arrangement may be written off.
Creditors’ voluntary liquidation (CVL)
There can be instances where business rescue out of administration is not possible, and liquidation becomes the only option. In these cases the voluntary nature of CVL reduces the potential for wrongful trading allegations being made against directors
Third-Party Novated Agreement (TNA)™
A pre-packaged administration is a specific form of administration characterised by a short duration compared with the ‘standard procedure, which serves to preserve asset values and protect jobs.
EarlyTransformation Strategy (ETS)™
In the period leading up to any Company, Voluntary Arrangements CIBER can formally restructure debts and put in place final account settlements to reduce your companies overall liabilities possibility eliminating the need for voluntary arrangements