Pre Pack Administration Saves Jobs

A survey of insolvency practitioners has found a total 4,846 UK jobs have been saved thanks to pre-packaged administrations this year.

Research by insolvency trade body R3 discovered that out of 5,478 jobs at risk, 4,846 (88 per cent) were saved in 89 pre-pack case studies, while the business owner remained in charge in 59 per cent of cases.

Pre-packs are valuable in the right circumstances when speed is vital, buyers are scarce and jobs need to be saved.

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In light of the dramatic and sharp decline in our economy a pre pack administration can offer Directors and business owners a solution in very difficult time.

For more information on business recovery or to discuss your options in confidence please contact Phillip Evans direct on 0797 0500425