Guidance documents
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
- 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
Details of the offer to be made to the administrator
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?
Supporting Evidence:
- Viability study/statement
- Summary financial accounts / balance sheet
- Statement of affairs / business statement
- Business plans / forecasts
Personal Guarantees given for debts, funding and guarantee limits
Any other information you consider significant.