Our standard charges and pricing
Tel: 0800 085 5070
To improve communications and reduce costs creditor/shareholder reports and other documents are published below. As a creditor you will have received written notification of a login and password which provides access to reports and other information.
Click below and you will be taken directly to a login page. Please enter your username and password. Once logged in you will be able to view your case specific documents.
We do as much as we can to be open and transparent about our fees and the costs associated with all the work we do. Like most professionals our normal basis of charging is on time costs based on charge out rates which vary depending on the grade and experience of individuals involved. We believe that our charge out rates are very competitive and we provide a more personal but otherwise similar level of service to the larger national business rescue and insolvency firms but at around half the price.
General advisory work
We don't charge for initial meetings and won't charge until we agree the terms of an engagement with you. The only exception to this is non business related cases (for example consumer credit card problem debt) where we will charge a fixed fee for initial meetings. We always agree a basis for charging before work commences – usually in accordance with the time spent on your case but sometimes on a percentage of results achieved. If we are charging on a time basis we will give you an estimate of the total fee and agree further fees if necessary.
Formal insolvency work
In formal insolvency appointment cases we normally charge on a time basis subject to the law and guidelines laid down by our professional body listed below. Click the download links in the first table to view our charging and disbursement policies for appointments pre and post 1 October 2015 and in the second table to view the official creditor guides.
Charging and disbursement recovery policies
| For insolvency appointments up to 1 October 2015 |
For insolvency appointments after 1 October 2015 up to 31 January 2017 |
For insolvency appointments after 1 February 2017 |
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| Charging and disbursement recovery policies | Download | Download | Download |
A creditors' guide to fees
| For insolvencies effective until 5 April 2010 |
For insolvencies effective until 31 October 2011 |
For insolvencies effective from 1 November 2011 to 30 September 2015 |
For insolvencies effective from 1 October 2015 | For insolvencies effective from 6 April 2017 |
|
| A creditors' guide to administrators' fees | Download | Download | Download | Download | Download |
| A creditors' guide to bankruptcy fees | Download | Download | Download | Download | Download |
| A creditors' guide to liquidators' fees | Download | Download | Download | Download | Download |
| A creditors' guide to voluntary arrangement fees | Download | Download | Download | No changes | Download |
Currently our hourly charge out rates are:
| London rates | Non London rates | |
| Director | £470 | £375 |
| Senior Associate/Associate | £390 | £325 |
| Senior Manager/Manager | £330-390 | £250-275 |
| Assistant Manager/Senior Professional | £265-290 | £190-225 |
| Administrator/Assistant | £150 | £150 |
| Trainee | £75 | £75 |
We believe these are very competitive and about half of costs charged by national firms.
Transparency for insolvency fees
New rules laid before Parliament on 4 March 2015 will bring an end to the uncertainty of unlimited hourly charges in insolvency cases by requiring insolvency practitioners to provide upfront estimates of the cost of working on them. Read more here
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