Administrator

An insolvency practitioner ( www.practicallaw.com/5-107-6261) who is appointed to manage a company’s affairs, business and property in an administration ( www.practicallaw.com/9-107-6363) . The administrator is appointed by the court or, in an out-of-court route, by the company or its directors ( www.practicallaw.com/9-107-6117) or the holder of a qualifying floating charge ( www.practicallaw.com/3-202-3140) . At the end of the administration, the company is either returned to the control of the directors, liquidated ( www.practicallaw.com/5-107-6770) or dissolved.

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