Jurisdiction(s):
United Kingdom

Key definition

Administrative Receiver definition

What does Administrative Receiver mean? An administrative receiver is an insolvency practitioner appointed by the holder of a debenture secured by a floating charge over the whole or substantially the whole of a company’s undertaking to enforce that security. They take control of the company’s business and charged assets, may trade to preserve value, and realise assets primarily for the appointing secured creditor. They act as agent of the company and must pay receivership expenses and preferential debts from floating-charge realisations before accounting to the charge holder. The procedure is known as administrative receivership. In England & Wales and Scotland, and in Northern...

TR1 Transfer on Sale by Administrative Receivers: Precedent and Drafting Notes (England and Wales)

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Precedents

Precedent Transfer

A flexible Word edition of the TR1 precedent can be accessed via the link provided here, allowing easy download, saving, or printing.

Drafting notes to precedent transfer

General

Any references to 'panels' in these drafting notes point to the panels contained in hm land registry form TR1. TR1 is the prescribed document for transferring the entirety of freehold or leasehold land under the Land Registration Rules 2003...

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Web page updated on 22/05/2026

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