Before making an application to the Pre Pack Pool applicants are advised to seek professional advice from a legal representative or an insolvency practitioner.
Applicants to the Pre-Pack Pool should be able to provide the following information:
Old Company:
Name of Company
Company Number
Nature of Business
Details of Assets
Details of Liabilities
List of creditors and amounts owed
Details of any charges registered against the company
Number of staff
Valuations
New Company:
Company Name (where known)
Company Number (where known)
Names of Directors
Names of Directors’ other interests
List of all connected persons involved in the proposed purchase
Nature of connection to Old Co
Have the directors been involved in any previous pre-packaged administrations
Summary of events leading up to the current situation.
Evidence of pre administration marketing.
Details of the offer made to the administrator and why it has been made at that value.
Steps taken to avoid administration and pre-pack.
Who is disadvantaged / favoured?
Why is it necessary to undertake a pre-pack sale?
What is / will be different going forward?
The following information may be provided by the applicant or the insolvency practitioner
Supporting Evidence
Viability study/statement.
Summary financial accounts / balance sheet.
Statement of affairs / business statement.
Business plans / forecasts.
Documentary evidence
Details of any previous Evaluation Reports obtained.
Personal Guarantees given for debts, funding and guarantee limits.
Any other information you consider significant.
How do I find out more?
Please see our Q&As page for a detailed description of how the Pool works.
How do I make an application to the Pool?
If you're ready to make an application, please visit the online application form to submit your information.
