A company receiver is usually appointed by a secured lender who holds a charge or mortgage over the company. In some circumstances the court can also appoint a receiver to the company.

The company receiver is responsible for ensuring the repayment of that charge or security. This is usually done by taking control of the company’s assets. Therefore the main aim of the company receiver is to act in the best interest of the secured lender who appointed them.

The company receiver has a number of powers once appointed. These powers include but are not limited to:

• Continue trading the business in an attempt to regain a loss by the secured lender.
• Sell the assets of the company.
• Sell the company.

If you would like to find out more about Receivership click here.