I am reliably informed that only a Receiver can allow a company to continue 'trading' whereby it may increase its debts in the hope of a sale as a going concern. An Administrator has a duty to liquidate the assets and settle the debts. The two terms are loosly used in place of each other, so i'm not clear where Emerald stand. The first thing that happens is that trading stops - well it has, and then all employees are dismissed by reason of redundancy - which it hasn't done. If they have been in Administration since 4 May and employees have not received letters then they are being paid. Hope continues!
