Insolvency pricing

The low down on pricing and how our service model works

Find out first hand how we can help, our initial consultations are absolutely free.

What’s the cost and how can it be paid for?

If your company is experiencing financial distress and you are thinking about liquidation, then the fees and costs and how they can be paid for, are an important part of your decision making process.

The price of the insolvency process very much depends on the size and complexity of your company. Key considerations in the pricing process include the number of staff to be made redundant, the number of creditors to be contacted and what assets are to be realised.

A small liquidation will cost between £4,000 and £6,000 (plus vat) in total, however it does vary based on the amount of work expected to be involved in carrying out the process.

Request a callback from one of our advisors and get the information you need to find out exactly where you stand.

You have a few options on how to pay for insolvency fees

When you are already experiencing financial difficulties, minimising any additional costs is important.

Be clear in advance what the costs are and what you best options will be.

Company funds

Paying from current company funds is a perfectly acceptable way of paying for insolvency fees.

Company assets

The proceeds from the sale of company assets can be used to cover insolvency fees

Directors redundancy pay

If you qualify for Directors redundancy pay then this can be used to help cover fees (The average payout is just over £9,000)

Personal funds

If the above options are not available then the fees must be covered personally by the company Directors.

Book a free consultation with one of our company advisors and find out how to maximise your options.

Beware of cut price insolvency fees

In times of financial difficulty, it may seem commercially sensible to choose the cheapest quotes on offer for your company insolvency but this could cost you dear in the long run.

This is not a point about cheaper price, cheaper service, its a very serious point about how a cheaper price can easily be made up elsewhere and in a way that could be to your personal financial detriment. An example of this would be a significantly overdrawn Directors Loan Account, which you will be personally liable for and which is always better determined before speaking to an insolvency practitioner to enable the opportunity of repaying a lesser amount back. Preference payments and wrongful trading would also fall into a similar category.

As part of our free consultation we aim to assess these issues, in your best interests, and to ensure there are no unwanted surprises lurking further down the line.

Here’s how our service model works

  1.  PRE-INSOLVENCY

We’ll determine if your company is actually insolvent

We’ll help you prepare a personal survival strategy to minimise risk and personal liability

We’ll show you how to avoid the risks of wrongful trading and misfeasance

We’ll steer you clear of the risks of creditor led compulsory liquidation

We’ll assess your Directors Loan Account before you speak to an insolvency practitioner

We’ll let you know where you stand with any problems with Bounce Back Loans

If you qualify for Directors redundancy pay we’ll help you claim it for free

We’ll clarify what’s in front of you and how to get through it with the minimum of difficulty

2.  INSOLVENCY

We introduce you to a known and vetted insolvency practitioner

We have a number of insolvency practitioners we deal with throughout the country who you may find are more understanding of your situation.We receive a referral fee if you engage their professional services, so effectively you get our services for free.

3.  POST-INSOLVENCY

Ready to start again? Check out our range of commercial propositions

We don't see insolvency as the end of the line, and provide those business owners and entrepreneurs looking to start again with a range of services such as post insolvency funding, start up consultancy, digital marketing, sales training and back office services.