Covid 19: Our website and phone lines are operating as normal and our teams are on hand to deal with all enquiries. Meetings can be conducted via phone & video conferencing.


A Pre-Pack has become quite a common feature in the rescue of a struggling business. 

Essentially prior to the formal appointment of an administrator the sale of some or all of an insolvent company's business or assets is negotiated with a purchaser who may be a third party or, more commonly, one or more of the directors of the insolvent company. 

At their best Pre-Packs allow a business to carry on trading and save jobs but they often have bad press because creditors do not like them and think that they are abused by the directors of the insolvent company who appear to be able to simply carry on as before but without paying the debts which have already occurred. 

The sale of the assets or business is negotiated before the administrator is in office but once appointed it is the administrator who carries out the sale. 

Often it is essential that the business is sold quickly if its value is to be preserved and this is particularly so when the value of a company is in its employees and the skills and knowledge that they have.  If they are concerned about their position and whether they will be paid, then they will often look for employment elsewhere leaving  the new business unable to provide services and complete contracts.

Get in Touch

For expert legal advice on pre pack administration, contact us today on 0800 083 0815 or fill out an online contact form

Corporate News

Quasi Partnerships – recent developments

Clough & Willis’ corporate & commercial department acts for Tribo Rail UK Limited

Clough & Willis advises JamJar Investments on two investment deals

Read All Corporate News

What Our Clients Say

Many thanks for the help, advice and guidance

Mr Martindale

I have had need to use other solicitors - but was unhappy with their performance. I would always choose Clough & Willis in the future

Ms Ball

I found Fiona very clear and to have a very pleasant manners, I felt she had a personal interest.

Dr Stein

I would like to take the opportunity to say Fiona Gaskell was more than helpful and went the extra mile during my disputed land situation. She remained professional but allowed personable approach. Thank you.

Ms J Hall

May I thank you for a first class service, excellent guidance and the support I received from you was wonderful and helped me to cope with a very difficult situation.

Mrs J Atkinson

Fiona Gaskell is a true professional along with her colleagues, many thanks for all your hard work.

Mr Dixon

Excellent service, more than we hoped for

Mr Andrew

Read all testimonials