Schedule B1, paragraph 87

An administrator may resign only in prescribed circumstances. Where an administrator may resign he may do so only— in the case of an administrator appointed by administration order, by notice in writing to the court, in the case of an administrator appointed under paragraph 14, by notice in writing to the holder of the floating charge by virtue of which the appointment was made, in the case of an administrator appointed under paragraph 22(1), by notice in writing to the company, or in the case of an administrator appointed under paragraph 22(2), by notice in writing to the directors of the company.

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