Schedule 16, paragraph 80

This paragraph applies where an administrator of a company is appointed under paragraph 14 or 22. If the administrator thinks that the purpose of administration has been sufficiently achieved in relation to the company he may file a notice in the prescribed form— with the court, and with the registrar of companies. The administrator’s appointment shall cease to have effect when the requirements of sub-paragraph (2) are satisfied. Where the administrator files a notice he shall within the prescribed period send a copy to every creditor of the company of whose claim and address he is aware. The rules may provide that the administrator is taken to have complied with sub-paragraph (4) if before the end of the prescribed period he publishes in the prescribed manner a notice undertaking to provide a copy of the notice under sub-paragraph (2) to any creditor of the company who applies in writing to a specified address. An administrator who fails without reasonable excuse to comply with sub-paragraph (4) commits an offence.

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