Going-concern sale
The sale of a business while it is still operating, often preserving more value, jobs and customer relationships than a break-up sale.
Related terms
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Going concern
A business expected to continue operating for the foreseeable future rather than being wound up or forced to stop trading.
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Administration
A formal company insolvency process where an administrator takes control to protect the business or its assets while seeking the best available outcome for creditors.
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Pre-pack administration
An administration where a sale of all or part of the business is arranged before the administrator is appointed and completed shortly afterwards.
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