Explain whether an administration order would be granted for Lazy Days Ltd
【参考答案及解析】
The problem with Lazy Days Ltd's case is whether or not the purpose of administration will be achieved. The company is currently running at a £7,000 loss per month and this must be solvable for the administration order to be granted. If the company can argue that it has a good chance of increasing trip sales from 50% to nearer 80% to 90% and that these extra sales will make up the shortfall in revenue then it would have a good chance of obtaining the order.
The problem with Lazy Days Ltd's case is whether or not the purpose of administration will be achieved. The company is currently running at a £7,000 loss per month and this must be solvable for the administration order to be granted. If the company can argue that it has a good chance of increasing trip sales from 50% to nearer 80% to 90% and that these extra sales will make up the shortfall in revenue then it would have a good chance of obtaining the order.