Administrative receiver

My understanding is that an administrative receiver is appointed by the floating charge debenture holders to take control over the charged assets and sell them to raise the money necessary to repay those charge holders. Can they be appointed without a court order? Yes Not only the company and the floating charge debenture holders but also the board of directors may appoint an administrator without a court order. Additionally, with a court order the creditors can be given the authority to appoint an administrator OK?

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