Wigglyamp
Too late for a 'pre-pack' which is one where the terms of sale and purchase are agreed with the administrator before the director's declare the business is insolvent. The new owner (which may be the existing owner) negotiates the price for those parts of the business it wishes to acquire e.g. goodwill, staff, fixed assets, branding, contracts, etc. It may also include debt, if it can be used to offset profits from another business. Part 145 and other approvals are assets that have a value and technically can form part of the S&P Agreement.
TTB