The Insolvency (England and Wales) Rules 2016

Progress reports in administration: timingE+W

This section has no associated Explanatory Memorandum

18.6.—(1) The administrator's progress report in an administration must cover the periods of—

(a)six months starting on the date the company entered administration; and

(b)each subsequent period of six months.

(2) The periods for which progress reports are required under paragraph (1) are unaffected by any change in the administrator.

(3) However where an administrator ceases to act the succeeding administrator must, as soon as reasonably practicable after being appointed, deliver a notice to the creditors of any matters about which the succeeding administrator thinks the creditors should be informed.

(4) The administrator must deliver a copy of a report to the registrar of companies and the creditors within one month of the end of the period covered by the report unless the report is a final progress report under rule 3.55.

(5) An administrator who makes default in delivering a progress report within the time limit in paragraph (4) is guilty of on offence and liable to a fine and, for continued contravention, to a daily default fine.

Modifications etc. (not altering text)