Evaluator’s Reports

Expert, efficient handling of the latest legislation

With effect from 30 April 2021, the UK government introduced legislation in the form “Administration (Restriction on Disposal etc to Connected Pensions) Regulation 2021”.

Under the Regulations an Administrator cannot 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 obtaining either;

1. the approval of creditors; or
2. an independent written report

If creditors approval is not sought or obtained then it is for the connected party purchaser to obtain that report. The report is referred to as the Evaluator’s Report.

Despite the relatively new legislation, we have been engaged to provide a number of Evaluator’s Reports. We appreciate the urgency with which a report is often required and will seek to provide the report within 3 working days of being engaged and the required information being provided.