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Have a look at the Home Page here on CUK - various legal types available.
Also, might just be worth ringing another brolly and see if you can get decent advice from them, in exchange, so to speak, for your business with them.
Basically if one party has closed up shop, the contract stops there and then. However, that doesn't mean the other party will be paid, since that money currently forms part of the first party's assets and now belongs to the adminstrator.
As the man said, get professional advice. If you're in the PCG, ring the legal helpline. If not, find a good solicitor who should give you half an hour free.
The reason P4 have gone into administration is that they are unable to pay their creditors; they are insolvent.
This is not a sudden unexpected event, they have been in difficulty for some time, their accounts are 7 months overdue. My guess, judging from the views expressed on this site, is that the 'problem' creditor will prove to be HMRC?
The only way P4 can continue to trade is if the administrator can agree a scheme of arrangement with the creditors. However according to their contract that act allows either party to terminate the contract.
So any contractor who wishes to terminate their contract with P4 is now free to do so.
As existing P4 contractors gradually realise that P4 is insolvent they will leave. It will not be an issue of last one out, turn off the lights - it will be last one out loses their money.
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