What an insolvency practitioner charges for their service will depend on a number of different things, including what particular service they are providing for you, the complexity of your case and the firm’s own pricing strategy.
The nature of insolvency practitioner charges
Given the above, it is impossible to give a general answer to the question of how much insolvency practitioners charge. However, insolvency practitioners are always obligated to be as transparent as possible when it comes to their fees. It is also a very competitive market, with a large number of insolvency experts in the country.
It is always advisable to discuss the fees that an insolvency practitioner will be charging before you appoint them. You need to ensure that you fully understand what they will be doing for you and how much it will all be costing.
The fees that are charged by insolvency practitioners vary across the country. As with many things, the tend to be a lot higher in and around London and the South East. However, thanks to current technology and the insolvency rules, you can easily use an insolvency practitioner who is based at the other end of the country – as you don’t need a face-to-face meeting with them. This makes it very easy for you to “shop around”.
What do Clarke Bell charge?
Clarke Bell have been trading since 1994 and we have built up a wealth of experience and expertise.
One of our aims as a business is to shake up and modernise the offerings provided by an insolvency practitioner. For far too long companies have had to put up with high fees and slow processes when it comes to liquidating their companies. We do things differently. We charge low fees and deal with cases as quickly and effectively as possible – all while ensuring full compliance with the ICAEW’s insolvency regulations.
From our office in Manchester, we provide a speedy, low-cost, high-quality, professional liquidation service for company directors across the UK.
The reasons we can offer such competitive fees and effective service is thanks to our 25 years of experience, as well as our investments in staff and IT.
- if you’re looking to close down your solvent company with a Members’ Voluntary Liquidation (MVL) our standard cost is just £995 +VAT +disbursements.
- to liquidate your insolvent company with a Creditors’ Voluntary Liquidation (CVL) our fee is from only £1,995 (all inclusive).
Thanks to our hard work and this combination of low costs and good service, in the last two years we have received eight awards.
Our approach to fees and service is also reflected in the other solutions we provide for companies who are experience cashflow and business debt problems – e.g. Creditors’ Voluntary Arrangements and Pre-Pack Administrations.
You will get free and confidential advice from an insolvency expert.