Schedule B1, paragraph 108

A period specified in paragraph 49(5) ... or 51(2) may be varied in respect of a company by the administrator with consent. In sub-paragraph (1) “consent” means consent of— each secured creditor of the company, and if the company has unsecured debts, the unsecured creditors of the company. But where the administrator has made a statement under paragraph 52(1)(b) “consent” means— consent of each secured creditor of the company, or if the administrator thinks that a distribution may be made to preferential creditors, consent of— each secured creditor of the company, and the preferential creditors of the company. Whether the company's unsecured creditors or preferential creditors consent is to be determined by the administrator seeking a decision from those creditors as to whether they consent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The power to extend under sub-paragraph (1)— may be exercised in respect of a period only once, may not be used to extend a period by more than 28 days, may not be used to extend a period which has been extended by the court, and may not be used to extend a period after expiry.

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Source: legislation.gov.uk · retrieved 2026-09-04