Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Receiver definition

What does Receiver mean? A receiver is an office-holder appointed by a secured creditor to take control of charged assets (or, at times, the whole business) to collect income and realise value for debt repayment. The label is used across contexts; the role and powers depend on statute and the security document. Two main types arise. Administrative receivers (defined in the Insolvency Act 1986 in Great Britain and in equivalent Northern Ireland legislation) are appointed under a floating charge over the whole or substantially the whole of a company’s undertaking and may manage and sell the business. In England & Wales and Scotland, the Enterprise...

Receivership in England and Wales: appointments, powers, duties and effects of LPA/fixed charge, court-appointed and administrative receivers

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

Appointing a receiver offers creditors and certain other parties a means to safeguard their interests in a company’s assets. This note outlines the available forms of receivership and the key consequences of a receiver being appointed. For access to materials within the Receivership subtopic, refer to: Receiverships—overview. The following features apply across all receivership types:

A company does not have to be insolvent to enter receivership
Other creditors may still pursue claims despite a receiver being appointed
During the receivership, the company’s dealings with property covered by the appointment are curtailed
Receivership does not automatically lead to liquidation (the winding up of its affairs)

Further points specific to particular receivership forms are outlined below.

Law of Property Act (LPA)/fixed charge receiver

Under the Law of Property Act 1925 (LPA 1925), a mortgagee may appoint an LPA receiver:

when the mortgage monies fall due; and
after issuing a demand for payment pursuant to the mortgage terms

This right may likewise (and more often will) arise under the...

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Web page updated on 21/05/2026

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