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.

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What our clients think

“Gareth and Paul have acted for Thames Valley Capital on several occasions, both in advisory capacity and as Administrators of a company where we needed to recover our debts. We have found them to be very responsive, flexible on fees and to have empathy with all stakeholders. The Administration was of a group of companies with an AIM listed PLC parent company and a trading subsidiary in the North West of England. Gareth and Paul worked hard to find a creative solution to the group’s problems prior to Administration and eventually found a buyer for the subsidiary which helped maximise realisations and enabled a significant repayment of our debt”.

Bruce Gordon (Director), Thames Valley Capital – Director