A Notice of the Extension of Time to Deliver Administrator Proposals refers to a legal document that announces an extension granted by the court for the submission of administrator proposals.

During the administration process, the appointed administrator has a duty to prepare and submit a proposal to the company’s creditors and the court. The administrator’s proposal outlines the objectives of the administration, the expected outcome for creditors, and the proposed actions and strategies to achieve those outcomes.

However, there may be situations where the administrator requires additional time to prepare and finalize the proposals due to various reasons, such as complex financial circumstances or the need for further investigations. In such cases, the administrator can apply to the court for an extension of time to deliver the administrator proposals.

The Notice of the Extension of Time to Deliver Administrator Proposals is issued when the court grants this extension. It informs the company’s creditors, shareholders, and other interested parties about the extended deadline for the submission of the administrator proposals.

The notice typically includes information about the new deadline for delivering the proposals, the reasons for the extension, and any other relevant details specified by the court. It ensures transparency and informs stakeholders about the revised timeline for the administration process.

Creditors and other interested parties should review the Notice of the Extension of Time to Deliver Administrator Proposals to stay informed about the updated schedule and to understand any potential impacts on their rights and interests.

These notices are filed with Companies House against the registered company number. All UK company liquidation notices and updates are tracked centrally by Doorda.