What is the primary role of a receiver?

The primary role of a receiver is to sell charged assets to pay off the creditor's debt. When a company is in financial distress, a receiver is appointed, usually by a court or a creditor, to take control of the company's assets. The receiver's main goal is to realize the value of those assets and use the proceeds to settle outstanding debts to creditors. This role is critical in situations like insolvency, where the company cannot meet its financial obligations.

Managing day-to-day operations isn't typically within the remit of a receiver. Their focus is more on overseeing the sale of assets rather than the continuous operation of the business. While a company might be dissolved during a receivership, dissolution is not the receiver's primary function but can be an outcome of the process. Supporting the company's growth strategy falls outside their responsibilities, as receivership is generally a response to financial troubles, not a strategy for growth.