Administrators have to cut costs to ensure a business has the best chance of survival in the shirt term and then put forward a cva to creditors. If the creditors accept the cva, then I assume the business carries on with the same owners. If the cva is rejected, then the business will be liquidated with a liquidator selling any assets in order to pay the creditors what they are owed. That's my (possibly naive) understanding of how these things work. And I can't see how it would work in favour of Brabco unless they actually do have a horde of money to, for example, buy the land in order to sell it for housing. Happy to be corrected if I'm wrong in my understanding of this.