An independent pool
If you are looking to buy back your business as part of an administration process, it is recommended that your offer and business plan are reviewed by an independent pool who will offer their opinion on your planned purchase.
The concept came about because it was feared that directors were being encouraged to consider buying back their business without giving the matter serious consideration. Quite a few of business bought back fail because of lack of capital, resources or turnover.
For more information on the pre-pack pool please visit https://www.prepackpool.co.uk.
The link below will provide helpful questions and answers to assist applicants, IPs and others gain an understanding of how the Pool works. https://www.prepackpool.co.uk/questions-answers
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