Guides

How do you buy a business from an administrator?

A practical outline of approaching an administrator and progressing a distressed-business acquisition.

Begin by confirming the appointment and the authorised contact using official sources. Ask for the sales memorandum, confidentiality agreement, bid timetable and details of the assets or business offered. Buyers should establish funding, identify essential contracts, employees, property, licences and intellectual property, and submit a clear deliverable proposal. The administrator is responsible for the interests of creditors and may consider price, certainty, timing and execution risk rather than price alone.