From 30 April 2021, an administrator will not be able to complete a sale, hire out or dispose of all or a substantial part of a company’s assets to a connected party within 8 weeks of a company entering into administration without first obtaining either the approval of creditors or an Evaluator’s independent written report.
At Realta Consulting, through our wholly owned subsidiary SPV Company – Compass Evaluator Reports Limited – we are pleased to offer an Independent Evaluator Report-writing service for connected party sales in administration. We believe that we are uniquely placed to assist both the connected party and the IP.
Kevin Murphy is a qualified and Licenced (non-appointment taking) IP. He is independent and has over 25 years of insolvency experience having previously acted as Head of Administrations at a national IP firm, with a wealth of experience of dealing with pre-packs. We are discrete, independent and will not be a competitor to the IP business.
Reporting timescales and costs will always be agreed upon in advance.