01/06/2026
A pre-pack administration allows the viable parts of an insolvent business to be sold β often back to the existing directors β before the company formally enters administration.
It's a fast, confidential process that preserves jobs, protects customer relationships, and allows the business to continue trading under a new structure, free from the debts of the old company.
It's not the right solution for every situation, but in the right circumstances it can be the difference between saving a business and losing it entirely.
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