Receivership

Copyright © 2025 LexisNexis

This note gives an overview of the types of receiverships available and some of the effects of appointing a receiver.

The appointment of a receiver is a remedy for creditors and other third parties to protect their interest in assets. They can be appointed by a court, or by a vesting document, and their powers are usually limited to the appointment document, compared to other office-holders such as liquidators and administrators.

Types of receivership

There are several different types of receivers:

  1. •

    fixed charge receiver or Law of Property Act receiver (LPA receiver)

  2. •

    administrative receiver

  3. •

    court-appointed receiver

  4. •

    Proceeds of Crime Act receiver

  5. •

    Agricultural Credits Act receiver

For more detailed information, see Practice Note: Receivership—an introductory guide.

Fixed charge receiver or Law of Property Act receiver (LPA receiver)

A mortgagee can appoint an LPA receiver pursuant to section 101(1)(iii) of the Law of Property Act 1925 (LPA 1925) whereas a fixed charge receiver is appointed pursuant to the terms of the fixed charge contained in the security document. The terms LPA receiver and fixed charge receiver are often, confusing, used interchangeably. In practice,

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Restructuring & Insolvency News

South Square Digest—April 2025

Restructuring & Insolvency analysis: April 2025 edition of the South Square Digest is now available.

FCA updates guidance for insolvency practitioners on approach to insolvencies of regulated firms

The Financial Conduct Authority (FCA) has updated its non-Handbook guidance for insolvency practitioners (IPs) on how to approach insolvencies of regulated firms. Finalised guidance FG25/2 follows a March 2024 consultation GC24/1, and aims to help IPs comply with the FCA’s rules and guidance, and relevant legislation, to achieve better outcomes for consumers and market participants when a regulated firm fails.

Coronavirus (COVID-19): director sentenced for Bounce Back Loan fraud

The Insolvency Service has announced that Buckinghamshire events director has been sentenced for Coronavirus (COVID-19) Bounce Back Loan fraud. William Blenkarn obtained double the amount of Covid support his company was entitled to as a result of a fraudulent declaration. Blenkarn claimed he did not know he was not entitled to a second Bounce Back Loan for MJB Events Limited. The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.

Insolvency Service publishes monthly insolvency statistics for March 2025

The Insolvency Service has published its monthly insolvency statistics for March 2025 on company and individual insolvencies in England and Wales. The data illustrates that there were 1,992 company insolvencies, 2% lower than in February 2025 and 9% higher than the same month in 2024. For individuals, the total number of insolvencies in March 2025 was  9,205, 7% lower than in February 2025 but 2% higher than in March 2024.

View Restructuring & Insolvency by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

Failure of the company voluntary arrangement (CVA)

Failure of the company voluntary arrangement (CVA)There is no definition of ‘failure’ of a company voluntary arrangement (CVA) in the Insolvency Act 1986 (IA 1986). It does not explain when failure will take place, or what its effect will be.However, IA 1986 does recognise that an arrangement may

How to commence a voluntary winding-up

How to commence a voluntary winding-upThis Practice Note sets out the position from 6 April 2017.The resolution to wind-upA company may only enter voluntary liquidation if:•it has a fixed period for its duration which has expired or an event has occurred which its articles say is an event leading to

In what circumstances can a CVA be proposed and by whom?

In what circumstances can a CVA be proposed and by whom?What is a CVA?A company voluntary arrangement (CVA) is a binding arrangement made between a company and its creditors (Part I of the Insolvency Act 1986 (IA 1986)). It is the corporate equivalent of the individual voluntary arrangement (IVA).

Dissolution of a company following compulsory liquidation or creditors' voluntary liquidation

Dissolution of a company following compulsory liquidation or creditors' voluntary liquidationCompulsory liquidation or winding up by the courtWhere the Official Receiver is appointedOn the making of a winding-up order by the court, the official receiver (OR) is appointed as liquidator.When the OR
Failure of the company voluntary arrangement (CVA)

Failure of the company voluntary arrangement (CVA)

Failure of the company voluntary arrangement (CVA)There is no definition of ‘failure’ of a company voluntary arrangement (CVA) in the Insolvency Act 1986 (IA 1986). It does not explain when failure will take place, or what its effect will be.However, IA 1986 does recognise that an arrangement may

How to commence a voluntary winding-up

How to commence a voluntary winding-up

How to commence a voluntary winding-upThis Practice Note sets out the position from 6 April 2017.The resolution to wind-upA company may only enter voluntary liquidation if:•it has a fixed period for its duration which has expired or an event has occurred which its articles say is an event leading to

In what circumstances can a CVA be proposed and by whom?

In what circumstances can a CVA be proposed and by whom?

In what circumstances can a CVA be proposed and by whom?What is a CVA?A company voluntary arrangement (CVA) is a binding arrangement made between a company and its creditors (Part I of the Insolvency Act 1986 (IA 1986)). It is the corporate equivalent of the individual voluntary arrangement (IVA).

Dissolution of a company following compulsory liquidation or creditors' voluntary liquidation

Dissolution of a company following compulsory liquidation or creditors' voluntary liquidation

Dissolution of a company following compulsory liquidation or creditors' voluntary liquidationCompulsory liquidation or winding up by the courtWhere the Official Receiver is appointedOn the making of a winding-up order by the court, the official receiver (OR) is appointed as liquidator.When the OR