On 8 October 2020, the Government published its report to improve the transparency of pre-pack sales in administrations.

This report was accompanied by a set of draft regulations to increase independent scrutiny of sales to connected parties.

On 24 February 2021, the draft legislation was published and will now be debated in the Commons and the Lords and is expected to come into effect from 30 April 2021.

For more insight on:

*The Key Changes

*The Evaluator

*What’s In A Qualifying Report?

*What Does It All Mean?

Please click and read our latest blog Pre-Packaged Administration Reforms on our website.

For further information, including a video explaining how Administrations work, you can visit our How to Place a Company into Administration page on our website.

Should you wish to discuss any aspects of this blog or specific issues about your company and situation, please do not hesitate to contact me for a free meeting on 01326 340579 or by email chris@purnells.co.uk