An administrator is a person appointed by a court or creditors to manage a company that is facing financial difficulties.

Simple Meaning:

An administrator takes temporary control of a troubled company to help it recover or repay debts.

Main Duties:

Manage company operations

Protect company assets

Prepare a recovery or restructuring plan

Try to repay creditors fairly

Purpose:

The goal is usually to save the company or get better returns for creditors instead of immediately closing the business.

In short, an administrator is a professional appointed to rescue or reorganize a financially distressed company.