Visit our dedicated small business restructuring site for small business owners facing financial distress.
Voluntary Administration
Restructure your distressed business with our expert help.
Voluntary administration is aimed at providing a flexible and less terminal alternative to liquidation, thereby offering a potential lifeline to businesses that are struggling but have a viable core operation or assets that can be effectively restructured or sold under more favourable conditions.
When your company enters voluntary administration, TTJ Advisory will be appointed to take control of the company and attempt to work out a way to save the company or its business.
Our main objectives in Voluntary Administration are:
Business Viability Assessment – Determine if the business can be restructured or attract new investors to continue operations.
Create a Restructuring Plan – If viable, develop a deed of company arrangement (DOCA) to manage debts and support business continuity or provide better returns to creditors than liquidation.
Engage Creditors – Ensure creditors participate by voting on the DOCA or deciding on liquidation if necessary.
At TTJ Advisory, we understand the pressures directors face, particularly when grappling with tax debts and insolvency.
Our Main Objectives in Voluntary Administration
Business Viability Assessment
Determine if the business can be restructured or attract new investors to continue operations.
Create a Restructuring Plan
If viable, develop a deed of company arrangement (DOCA) to manage debts and support business continuity or provide better returns to creditors than liquidation.
Engage Creditors
Ensure creditors participate by voting on the DOCA or deciding on liquidation if necessary.
Stabilise Operations
Implement immediate measures to maintain business continuity, preserve key relationships, and protect essential operations during the administration process.
Browse TTJ's
Tools & Resources
Insolvency is tough, but it's not the end. With the right guidance and a proactive approach, you can navigate through this and emerge stronger.
Insolvency
Fact-checker
Our Myths & Facts bankruptcy guide serves as your compass, helping to steer clear of common misunderstandings and chart a course towards financial recovery.
Bankruptcy
Myth-buster
Small Business Restructuring can help your clients slash debts by up to 80%, unlock tax relief and future-proof their businesses. This eBook offers a step-by-step guide to SBR.
SBR eBook for Accountants
Director Penalty Notices (DPNs) can have serious financial consequences, holding directors personally liable for unpaid company tax debts. This eBook explains how to respond, and strategies to protect your assets.
DPN eBook for Directors
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Frequently Asked Questions
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Benefits of a Voluntary Administration
01
Relief from Creditor Pressure
Voluntary administration halts legal actions and debt collection, giving your business essential breathing room to plan and restructure effectively.
02
Business Continuity
Your business remains operational, preserving its value, customer loyalty, and reputation, all crucial for implementing successful recovery measures.
Simplified Debt and Legal Processes
We manage creditor negotiations and legal obligations, aiming for realistic agreements, support stability, and reduce financial strain.
03
04
Strategic Advisory Support
TTJ Advisory provides expert guidance through each stage, helping you make confident, strategic decisions that drive effective recovery.
05
Holistic Recovery Planning
We conduct a thorough review to identify improvement areas, setting up your business for a strong, resilient return to growth.
