what is meant by when a company company has gone into administration?

Question

what is meant by corporations?

what is meant by retail? what shops fall in to this sector?

Answer 1

if they owe you money you are screwed

Answer 2

A company goes into administration when it owes so much money to other companys that if things continue the company will fold (go into liquidation, where all the assets of the company are sold to pay its debts).

A fuller description can be seen below

Administration of an insolvent business
There is provision in United Kingdom law for an insolvent company to be placed "in administration". Various authorities may appoint an administrator, principally including:

the courts (on application from a creditor, directors or partners)
the holder of a qualifying floating charge over the assets of the business
the company itself
the directors of the company concerned
a creditor
The task of the administrator is to manage the business so that the creditors can minimise the scale of their losses. Ideally, the administrator will sell the business as a going concern, securing the best price. It is quite probable that he or she will sell any realisable assets separately: the whole may be worth less than the sum of the parts (see Asset stripping).

Answer 3

A company which has gone into administration is one where an administrator has been appointed (by the company, by the courts, or by its creditors - the people to whom the company owes money) to replace the management of the company. Usually this happens because the company has run out of money and can no longer operate normally. In simple terms it means the company has gone bust - going into receivership or going into liquidation are forms of "administration".

Retail means selling to the public. All shops fall into this sector except shops which sell exclusively to other shops - selling only to "trade" (ie other merchants) is known as "wholesale".

Answer 4

A company goes into administration when its backers (shareholders), or its bankers are no longer prepared to finance the company.. Usually this happens when the company has made significant losses, or is likely to loose money in the near future. Being in administrtation means that the previous managers are no longer in charge and the share holders or (more usually) the creditors have forced the appopintment of receivers to recover what they can from the assets of the business

Once in adminstration there are usually 2 routes out, either liquidation (the company is wound up) or a sale to a third party. The liquidation usually means that there is no possibility of a trade sale, and thast the assets of the company are worth more than the business as a going concern. Occasionally the company can emerge by itself having refinanced itself (this is very rare int he UK). Usually the sale, as a going concern is the preferred route to save jobs and raise maximum value to pay off the creditors.

Answer 5

A company which has gone into administration has not been able to pay its debts. The company is then administrated by the creditors (the people to whom the money was owed), i.e. they handle the overall management of the company so that debts can be paid to the fullest extent.

A corporation is generally any large company with various divisions.

Retail refers to any industry which sells products. Other company types includes services and manufacture.

Answer 6

The meaning of administration is essentially collaborating with the faculty in setting policies for and supervising the institution, and performing service activities like producing the catalog, registering the students, keeping track of the money. So When a company has gone into administration am sure it is providing one of the above services

Corporation on the other hand is a body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members.

finally retail is the sale of goods or commodities in small quantities directly to consumers. This include cosemtic shops, clothes shops etc.

Answer 7

It means they gone bust, out of business, gone into liquidation. The company is closing down.

Answer 8

it means its debts are greater than its assets,