receivership

(redirected from Administrative receivership)
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  • noun

Words related to receivership

the state of property that is in the hands of a receiver

Related Words

a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all

the office of a receiver

References in periodicals archive ?
The move comes after NWS Dock Management, which previously ran the dock and which also own a clutch of other buildings on the waterfront, went into administrative receivership earlier this month.
Furthermore, Breedon will also buy certain assets of F H Gilman & Co, a related company in administrative receivership, as part of the transaction.
A total of 29 staff have been made redundant at Donaldson and McConnell's offices in Oldbury Road, West Bromwich, after the parent group collapsed into administrative receivership. S
Chris Paget, estates director for Warwickshire College, said: "We were extremely sorry to hear that Ashford Construction had gone into administrative receivership. This clearly affects the lives of all their employees and subcontractors, and it could have had a disastrous effect upon the College build-ing."
Once in administrative receivership, it was discovered that fictitious sales of at least pounds 27m had been entered in the company's accounts.
Three banks are understood to have filed a petition to put Alphasteel of Newport into administrative receivership. Industry journal Metal Bulletin reported that the Swiss subsidiary of Russia's Rosbank has filed an application due to be heard on April 23.
A report by administrators PricewaterhouseCoopers has revealed the company owed more than pounds 1m to banks and its former employees when it went into administrative receivership in October last year and it is understood that some companies were owed up to pounds 50,000.
The company, based on the Jubilee Industrial Estate in Ashington, was placed in administrative receivership in April 2002 with an estimated pounds 1.16m owed to its creditors.
I was surprised to discover that Freshbake Foods, the manufacturer of frozen pastries, sausages and desserts, had recently gone into administrative receivership. Although I cannot profess to know a great deal about the finances of the company, I got the impression that it was doing quite well--not least as it won a BFFF Award less than two weeks before the receivers took over.
The firm, which was previously the UK's biggest independent electrical retailer, went into administrative receivership yesterday.
The company was last night placed in administrative receivership as it struggled to pay its debts.
'' Around 850 jobs were lost after ASW went into administrative receivership last July.
TransTec went into administrative receivership in December 1999 after it emerged a pounds 11.2million liability to the Ford motor company was not entered in the company's published annual accounts.
This bill seeks to recast the insolvency regime and, in particular, scrap the administrative receivership. (5) However, there are exceptions, inter alia, for capital market transactions.
The firm went into administrative receivership last summer with debts of pounds 1.6 million.
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