Our standard charges and pricing

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 expenses policies for appointments pre and post 1 October 2015 and in the second table to view the official creditor guides.

Charging and expenses recovery policies:

For insolvency appointments
up to 1 October 2015
For insolvency appointments
after 1 October 2015

Charging and expenses recovery policies Download Download

A creditors' guide to fees:

For insolvencies effective
from 1 April 2021
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 DownloadDownload Download Download Download Download
A creditors' guide to bankruptcy fees DownloadDownload Download Download Download Download
A creditors' guide to liquidators' fees DownloadDownload Download Download Download Download
A creditors' guide to voluntary arrangement fees  DownloadDownload
Download
Download
No changes
Download
A members' guide to liquidators' fees in a solvent liquidation   DownloadN/A N/AN/A DownloadNo changes

Currently our hourly charge out rates are:

Grade

London ratesRegional rates 
Director
£640
£490
Associate Director/Licensed Insolvency Practitioner
£590
£470
Senior Associate/Associate£540
£440
Senior Manager£490£380
Manager£460£340
Assistant Manager £410£320
Senior Professional£380£260
Administrator£290£210
Assistant£170£170
Assistant Administrator£155£155
Trainee£85£85

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

R3 Insolvency fees and the cost of regulation

Insolvency fees face frequent scrutiny and criticism.  Media headlines have often focused on the amount charged by insolvency practitioners (IPs) in high-profile cases.  Unfortunately a great deal of the detail behind the headlines often gets missed - leading to an unfair representation and understanding of the insolvency profession and the fees they charge for the work they carry out.  This paper looks at how insolvency fees are charged, regulated and paid.  Download here