An administrative receiver is a person appointed (usually by a secured lender) to take control of a company’s assets when it fails to repay its debts.

Simple Meaning:

It is an expert appointed to recover money for a bank or secured creditor from a financially troubled company.

Key Points:

Appointed by a secured creditor (like a bank)

Takes control of company assets

Sells assets to repay the lender

Focuses mainly on protecting the creditor’s interest

Difference:

Unlike an administrator, an administrative receiver mainly acts in the interest of the secured lender.

In short, an administrative receiver manages and sells a company’s assets to recover debt for secured creditors