For buyers, investors and directors buying back

Hear about distressed businesses the day they become available

Administrators sell in days. By the time a business in administration reaches the trade press, the information pack has usually gone out and the shortlist is drawn. K2 reads every corporate insolvency notice in The London Gazette each morning and matches it to the company's filed accounts. Set your filters and we email you the matching businesses daily, with the office holder to contact.

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Alerts cover opening events only: appointment of administrators or receivers, a creditors' voluntary liquidation resolution, or a winding-up order. Asset figures are from the company's last filed accounts and may be out of date.

Buying out of administration

Call the administrator named in the notice the same day. Sign their NDA and ask for the information pack and the deadline for offers.
You are usually buying the business and assets, not the company: no inherited debts, but employees transfer under TUPE.
Administrators sell "as seen" with no warranties. Price the risk into the offer and verify title to the key assets.
Have funding agreed before you bid. A credible, funded offer often beats a higher one that is not.

Buying back your own business

If your company is heading into administration, a sale back to you can preserve the jobs, the customers and the value you built. It has to be done at a fair price, with an independent evaluator's report or creditor approval for a connected-party sale in the first eight weeks, and with money that does not come from the failed company. K2 has funded and restructured UK businesses out of distress since 2001.

Discuss funding with K2 How K2 invests

Frequently asked questions

How do you buy a business from an administrator?

Contact the administrator named in the Gazette notice as early as possible, sign their non-disclosure agreement, review the information pack and make an offer, usually for the business and assets rather than the company's shares. Administrators must achieve the best price reasonably obtainable and often sell within days or weeks, so funding needs to be ready before the offer.

Can a director buy back their business from administration?

Yes. A sale to the existing directors (a connected-party or pre-pack sale) is lawful, but since 2021 a sale to connected parties within eight weeks of administration needs creditor approval or an independent evaluator's report. The price must be fair, and the directors need funding that does not come from the failed company.