How quickly do administrators sell businesses?

Why distressed sales can move quickly and how buyers can prepare before approaching an administrator.

Administrators often work to short timetables because cash, customer confidence, employees and asset values can deteriorate quickly. Some sales complete within days, while more complex transactions take weeks or longer. Buyers can prepare by confirming decision-makers and funding, assembling professional advisers, defining the assets or business wanted, and being ready to sign confidentiality documentation and complete focused due diligence promptly.