About Us | Contact Us
Telephone 03300 249 711
(Local Rate)
Covering England and Wales
What will it cost?

What will it cost?


On average £2,000.00 to £5,000.00 plus VAT for the pre-appointment costs.

Upwards of £10,000.00 plus VAT for the post appointment costs.

Note that the VAT is usually recoverable on the post-administration payments if the company was VAT registered.


Pre-administration Costs

Most IPs will offer an initial meeting for free and a small fixed fee for additional meetings and time spent in dealing with matters prior to the administration taking place.

The administration application is produced and lodged in court by a specialist solicitor.  The court and legal costs are on average circa £2,000.00 plus VAT.


Post-administration Costs

Post administration, the administrators costs are approved by the creditors. 

They are most commonly on a time spent basis, so the more work there is to do, the more it will cost. IP costs vary from firm to firm. 

If there are any fixed assets to be dealt with where there are secured creditors in place, such as property with mortgages on then the chargeholder will agree the administrators costs in dealing with the sale of the asset.

Administration procedures are generally expensive because the administrator takes control of the company’s affairs and usually trades the business, which will be time-consuming.



David Kirk ACA FABRP

David Kirk

David Kirk is a Chartered Accountant and Licensed Insolvency Practitioner.
Read More

DOWNLOAD GUIDE
Business Renewal
"It was a very difficult decision to make to go into Administration but now I am so glad we did it. David and his team were great thank you."
Jacci Dellaway of Baylift Services Ltd
Business Rescue
"David Kirk helped us with an Administration to rescue the business. He did exactly what he said he would do. It has worked out very well."
Chris Pratt of Elecsis Ltd
Business Rescue
“At the initial meeting you told us the good and bad things that can happen and were honest and told us to watch out for. No one else had done that.”
J White
Business Recovery
"We were cornered and thought it was the end of the business after 20 years but he got us out of it."
Lynne Firman of Just Beds Ltd
Business Renewal
“You made a very difficult time much easier for us.”
R Johns