MVL Disbursements

Members' Voluntary Liquidation Disbursements

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

  • Anti-money laundering searches (company and individuals)
  • Statutory advertisements in the London Gazette (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 £95.50 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 MVL specific insurance bond rates are shown in the below table.

Asset Value Bond £
Under £500 10
£501 - £10,000 15
£10,001 - £25,000 35
£25,001 - £50,000 67.50
£50,001 - £100,000 120
£100,001 - £250,000 187.50
£250,001 - £500,000 255.00
£500,001 - £1,000,000 337.50
£1,000,001 - £2,000,000 540
£2,000,001 - £3,500,000 675.00
£3,500,001 - £5,000,000 810.00
Over £5,000,000 980.00

Bond discounts are available for group companies and clients with little or no cash.

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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