CVL Disbursements

Creditors Voluntary Liquidation Disbursements

Approved Recovery Limited’s CVL disbursements comprise of the following:

  • Anti-money laundering searches (company and individuals)
  • Statutory advertisements in the London Gazette (two to three adverts required)
  • Specific insurance bond (subject to company’s asset value)
  • Mileage
  • Storage
  • Postage
Disbursements Category £
Company Anti-Money Laundering searches 2 £1.00 per search
Individual Anti-Money Laundering searches 2 £5.50 per search
Advertisements 1 £87.50 plus VAT each
Specific insurance bond 1 See below table
Mileage 2 £0.45 per mile
Storage 2 £50.00 per box per annum
Postage (1st & 2nd class) 2 Royal Mail cost at time of posting

The cost of the specific insurance bond is dependent on the asset value of the company.

Our current CVL specific insurance bond rates are shown in the below table.

Asset Value Bond £
Under £5,000 40.00
£5,001 - £10,000 60.00
£10,001 - £25,000 140.00
£25,001 - £50,000 270.00
£50,001 - £100,000 480.00
£100,001 - £250,000 750.00
£250,001 - £500,000 1,020.00
£500,001 - £1,000,000 1,350.00
£1,000,001 - £2,000,000 2,160.00
£2,000,001 - £3,500,000 2,700.00
£3,500,001 - £5,000,000 3,240.00
Over £5,000,000 3,920.00

Category 2 disbursements require shareholder approval before they can be drawn. Category 1 disbursements do not require prior approval before being drawn. All disbursements are charged at cost plus VAT where applicable.

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