SCHEDULES

[F1 SCHEDULE B1 E+W+S ADMINISTRATION]

Textual Amendments

F1 Sch. B1 inserted (15.9.2003) by 2002 c. 40, ss. 248(2), 279, Sch. 16 (with s. 249(1)-(3)(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))

Modifications etc. (not altering text)

C1 Sch. B1 applied in part (with modifications) (5.10.2004) by Energy Act 2004 (c. 20), ss. 159(1), 198, Sch. 20 Pts. 1-3; S.I. 2004/2575, art. 2(1), Sch. 1

C2 Sch. B1 applied (with modifications) (1.7. 2005) by S.I. 1994/2421, art. 6(1), Sch. 2 (as amended (1.7.2005) by S.I. 2005/1516, arts. 3, 7, Sch. 1 (with art. 2))

C3 Sch. B1: specified provisions applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 93(2)(3), {Sch. 10 Pts. 1, 2}; S.I. 2011/2329, art. 3 (with arts. 4, 5)

GENERAL E+W+S

Interpretation E+W+S

111 (1) In this Schedule—

• “administrative receiver” has the meaning given by section 251,

• “administrator” has the meaning given by paragraph 1 and, where the context requires, includes a reference to a former administrator,

• “company” includes a company which may enter administration by virtue of Article 3 of the EC Regulation,

• “correspondence” includes correspondence by telephonic or other electronic means,

• “creditors’ meeting” has the meaning given by paragraph 50,

• “enters administration” has the meaning given by paragraph 1,

• “floating charge” means a charge which is a floating charge on its creation,

• “in administration” has the meaning given by paragraph 1,

• “hire-purchase agreement” includes a conditional sale agreement, a chattel leasing agreement and a retention of title agreement,

• “holder of a qualifying floating charge” in respect of a company’s property has the meaning given by paragraph 14,

• “market value” means the amount which would be realised on a sale of property in the open market by a willing vendor,

• “the purpose of administration” means an objective specified in paragraph 3, and

• “unable to pay its debts” has the meaning given by section 123.

(2) A reference in this Schedule to a thing in writing includes a reference to a thing in electronic form.

(3) In this Schedule a reference to action includes a reference to inaction.