I'll repeat the comment I've just made in the General section:
Sorry - I have been away all day yesterday and this morning, and I haven't been told any more than you have.
The object of an administration is to get a company back on its feet again when it has run into financial difficulties (which I haven't been informed about either, although I do know that advertising revenue is the main source of income). Either a company under administrators (who are chartered accountants) is restructured or (more likely) a buyer of the whole or part of the business is sought.
While the process is going on, a company continues to trade (unlike with a liquidation). So business as usual for the moment.
I have asked HJ for a comment.
Edit - it probably makes more sense to have a single thread for this. Can we now use the one in General.
Edited by Avant on 15/01/2020 at 13:47
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