Company – Administration. The Companies Court dismissed a company's application for an order appointing administrators. The company had been engaged in the development of a property in Liverpool, but the development had come to a halt. The application to appoint administrators came after two investors had petitioned for the company's liquidation. The court held, among other things, that administration was likely to be more expensive than liquidation in the particular circumstances of the company and in the light of what was likely to happen in terms of the appointment of a liquidator, and that an administrator would not be able to carry out the purpose in para 3(1)(c) of Sch B1 to the Insolvency Act 1986.