Voluntary Administration
At HM Advisory, we guide directors and business owners through the complexities of voluntary administration, helping companies facing insolvency explore options to protect assets, restructure debt and potentially save the business.
Our experienced team provides clarity, advice and hands-on support throughout the process, ensuring compliance and maximising outcomes for all stakeholders.
We are here to help
Our first consultation, whether you are a business or an individual, is free of charge and without obligation. Please feel free to email us at [email protected] or use the contact form below.
What is a Voluntary Administration?
Voluntary Administration is a formal process that allows a company to pause creditor actions while a Voluntary Administrator evaluates its financial position.
The Administrator assumes full control of the company’s operations, property and finances, temporarily suspending directors’ powers, and manages the business to identify the best solution for creditors and the company’s future.
Voluntary Administration is one of several corporate insolvency options, alongside members’ voluntary liquidation (MVL) for solvent companies and creditors’ voluntary liquidation (CVL) for insolvent companies, allowing directors and stakeholders to choose the most suitable course for the business.
How the Voluntary Administration Process Works
Most administrations are completed within 20–30 business days. In more complex cases, it may take a little longer so that every option can be carefully assessed and the best path forward can be chosen.
A Voluntary Administrator can be appointed by the directors, secured creditors, or a liquidator. Once appointed, two meetings of creditors are held:
- First meeting: Creditors may replace the Administrator or form an advisory committee.
- Second meeting: Creditors review the Administrator’s report and vote on ending administration, executing a DOCA or placing the company into liquidation.
- During this time, a moratorium protects the company from enforcement actions, giving the Administrator the space to investigate and propose solutions.
Why Voluntary Administration Can Work for You
Voluntary administration gives you the support to review options, protect your assets and manage creditor relationships without added stress. Its main advantages are:
- Provides a structured framework to negotiate with creditors.
- Offers the option to propose a DOCA to save the company.
- Protects company assets and allows business continuity.
- Temporarily halts creditor enforcement actions.
- Gives directors clarity and control in an uncertain financial environment.
Why Choose HM Advisory
We combine expertise, insight and a tailored approach to navigate even the most complex voluntary administration situations:
- Experience That Matters: A higher proportion of our work focuses on saving and restructuring companies.
- Leadership You Can Trust: We explore every option to restore business health.
- Personal Touch: Boutique approach ensures directors receive attentive, tailored guidance.
- Clarity in Complexity: We break down legal and financial challenges so directors can make informed decisions.
We are here to help
If a business you’re involved with may require our services, please feel free to contact us for an initial consultation – this is free of charge and without obligation.
Victoria
Level 21, 114 William Street
Melbourne VIC 3000
PO Box 117
Collins Street West VIC 8007
T (03) 8866 7600
F (03) 9428 4152
Western Australia
Suite 4, Level 3
16 Victoria Avenue Perth WA 6000
PO Box 6243
East Perth WA 6892
T (08) 9334 7400
F (03) 9428 4152
Queensland
Level 14, 15 Adelaide Street
Brisbane QLD 4000
PO Box 13127
George Street Brisbane QLD 4000
F (03) 9428 4152
New South Wales
Level 2, 263 George Street
Sydney NSW 2000
PO Box Q904
Queen Victoria Building NSW 1230
F (03) 9428 4152
FAQs
What are voluntary administration services?
Voluntary administration services include appointing an experienced administrator, reviewing company finances, communicating with creditors, and developing a recovery or restructuring plan. At HM Advisory, we provide clear, hands-on guidance through every stage, from appointment to resolution, helping directors make informed decisions with confidence.
Who are voluntary administrators?
Voluntary administrators are registered liquidators appointed to take control of an insolvent company. They act independently to investigate finances, communicate with creditors and propose the best outcome — whether restructuring or winding up. At HM Advisory, our administrators combine technical expertise with genuine care for all stakeholders.
What is the role of creditors during voluntary administration?
Creditors are kept informed throughout administration. They receive detailed reports, can question the administrator and vote on proposals like a DOCA. Their input helps decide the company’s future while ensuring that directors act transparently, protecting both creditor rights and the long-term prospects of the business.
Can voluntary administration save my company?
Yes, in many cases. If a DOCA or restructuring plan is approved, the business can continue trading, satisfy creditors over time and protect assets. HM Advisory works closely with directors to assess realistic recovery options, negotiate terms with creditors and manage the process efficiently to maximise the chance of business survival.
What happens if voluntary administration doesn’t work?
If restructuring isn’t viable, the administrator may recommend liquidation. While this may feel daunting, it ensures an orderly winding up, maximising returns to creditors and limiting directors’ personal exposure. HM Advisory supports directors throughout, providing guidance, clarity and reassurance during each stage of this complex process.
How long does voluntary administration take?
Typically, the administration process lasts around 20–30 business days, including investigation, reporting and creditors’ meetings. Complex cases may take longer, but the process provides breathing space to assess options thoroughly. HM Advisory manages timelines efficiently while keeping directors and creditors fully informed.