Rescue of Telephony Technology business via Administration

Sector: 
Tech
Company Size: 

Employees: c.10

Issue: 

The company was insufficiently capitalised to cover losses during the development phase of products and it main investor withdrew ongoing support.

Solution: 

We worked with the business to find a purchaser and transacted the sale via a pre-pack Administration.

Outcome: 
  • The business was sold via a pre-pack administration. This required complex negotiations with shareholders to incorporate the sale of a solvent, associated company as part of the transaction.
  • All employee jobs were preserved and substantial return to secured creditors was generated.