Our remuneration and disbursements policy
We at Sadlers wish to address the perceived random nature of the level of fees charged by Liquidators in relation to solvent Liquidations. In our experience and having analysed our competitors’ quotes over many years, we can see no pattern. Some clients who are to receive a modest sum from the fruits of their hard work, building their company, appear to be paying significantly more than others whose rewards are much greater.
Our rates for solvent Liquidations are published, transparent and charged on a risk based profile, which clearly increases with the sums available for distribution. Primarily, however, we want to provide value for money to shareholders, proportionate to the sum they anticipate receiving.
Remuneration
The rates currently in use are set out below and they will not increase until at least 6 April 2024:
Total asset value | Flat fee | £1 - £200,000 | £1 - £750,000 (over £250,000) | £1 + (over £1 million) | Maximum fee | ||||||||||
£25,000 - £50,000 | £1,000 | - | - | - | £1,000 | ||||||||||
£50,001 - £250,000 | £1,000 | 0.6% | - | - | £2,200 | ||||||||||
£250,001 - £1,000,000 | £2,200 | - | 0.4% | - | £5,200 | ||||||||||
£1,000,001 + | £5,200 | - | - | 0.2% | n/a | ||||||||||
Further discounts are available for multiple Liquidations with common ownership that are undertaken simultaneously.
The above fees are exclusive of necessary disbursements and VAT.
Disbursements
During the MVL process there are usually two disbursements that will be incurred by us:
- a bond, which is a legal requirement for the Liquidator to take out (for the shareholders’ protection); and
- statutory advertising in the London Gazette.
An itemised fee quote, specific to your client, will be provided on request.
Download our policy
Click on our MVL charging policy to download and keep a copy.