What is the primary aim of an administration process?

The primary aim of an administration process is to rescue the company as a going concern. This involves reorganizing the company's operations and finances with the objective of returning to profitability, thus preserving its existence and the jobs of its employees. The administration process is typically initiated when a company is facing financial difficulty but has the potential to be saved through restructuring.

During administration, an appointed administrator takes control of the company's affairs. Their role is to assess the situation and implement a strategy that can include renegotiating debts, selling off parts of the business that are not essential for ongoing operations, and stabilizing finances. This approach is specifically designed to keep the company operational rather than forcing it into liquidation, which would involve selling off assets in a manner aimed primarily at settling debts, often resulting in significant job losses.

The other options relate to different processes within insolvency but do not capture the primary aim of the administration process. Selling off assets quickly or liquidating the assets concerns winding down operations rather than seeking to maintain the business. Dissolving the company is a final step that typically comes after all other options, including administration, have been exhausted.