MVL Additional Fees

Where additional work is required which is not covered by our Simple, Standard or Advanced service or where a client would prefer Approved Recovery to complete certain tasks, additional fees are chargeable and as set out in the following assets, liabilities and administrative tables.

Assets Service Fee (net)
Cash – Balance £500,001 to £1,000,000 Liquidator’s fixed fee for time spent in dealing with company funds between £500,001 to £1,000,000. £500
Cash - Balance £1,000,001+ Liquidator’s fixed fee for time spent in dealing with company funds of £1,000,001 or more. Details on request
Director’s Loan Account – in specie Liquidator’s fixed fee time spent in completing the distribution in specie to shareholders. £100
Director’s Loan Account – repayment Liquidator’s fixed fee for time spent in completing the cash distribution to shareholders following repayment of a Director’s Loan Account balance. £200
Debtors Liquidator’s fixed fee for time spent in completing the distribution in specie to shareholders. £100
Office furniture and equipment Liquidator’s fixed fee for time spent in completing the distribution in specie to shareholders. £100
Plant and machinery Liquidator’s fixed fee for time spent in completing the distribution in specie to shareholders. £100
Motor vehicles Liquidator’s fixed fee for time spent in completing the distribution in specie to shareholders. £100
Stock Liquidator’s fixed fee for time spent in completing the distribution in specie to shareholders. £100
Investments Liquidator’s fixed fee for time spent in completing the distribution in specie to shareholders. £100
Freehold land/property Liquidator’s fixed fee for time spent in completing the distribution in specie to shareholders. Details on request
Leasehold land/property Liquidator’s fixed fee for time spent in completing the distribution in specie to shareholders. Details on request
Liabilities Service Fee (net)
Creditor claim – trade creditor Liquidator’s fixed fee for time spent in reviewing, agreeing or rejecting and settling creditor claims. Includes payment of statutory interest where required and the issuing of statutory declaration of dividend documents. £200 per claim
Creditor claim – HMRC Liquidator’s fixed fee for time spent in reviewing, agreeing or rejecting and settling creditor claims. Includes payment of statutory interest where required and the issuing of statutory declaration of dividend documents. £200 per tax claim
Creditor claim – Employee Liquidator’s fixed fee for time spent in reviewing, agreeing or rejecting and settling employee claims. Employee claims include wage arrears, holiday pay, redundancy and notice pay. Includes payment of statutory interest where required, the issuing of statutory declaration of dividend documents and accounting to HMRC for any PAYE and NI deductions. £300 per employee
Creditor claim - Other Liquidator’s fixed fee for time spent in reviewing, agreeing or rejecting and settling creditor claims which are not trade or HMRC creditor claims. Includes payment of statutory interest where required and the issuing of statutory declaration of dividend documents. Details on request
Contingent claim Liquidator’s fixed fee for time spent in dealing with and resolving a contingent claim. Details on request
Administrative Service Fee (net)
Three or more shareholders Liquidator’s fixed fee for time spent in dealing with matters relating to shareholders where the company has three or more shareholders. Includes early and final distributions and reports. £200 per shareholder
Additional capital distributions Liquidator’s fixed fee for time spent in processing additional capital distributions to shareholders. Includes issuing statutory declaration documents. £200 per distribution
Notice to QFC Liquidator’s fixed fee for time spent in serving notice of the proposed special resolution on a qualifying floating charge creditor. £25 per QFC creditor
VAT Deregistration Liquidator’s fixed fee for time spent in deregistering a company’s VAT registration. £100
PAYE Scheme Liquidator’s fixed fee for time spent in closing down the company’s PAYE scheme. £100
Company bank account Liquidator’s fixed fee for time spent in closing a company bank account. £100
Company tax returns – submission Liquidator’s fixed fee where the company’s tax returns are not submitted to HMRC by the director within one month of the company being placed into liquidation. £300
Pension Liquidator’s fixed fee for time spent in winding-up a pension scheme where the company is Trustee. Details on request

For any additional work required by Approved Recovery which is not covered by the assets, liabilities and administrative tables, agreement for additional fees will be sought from shareholders separately.

All additional fees are subject to VAT.

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