MVL expenses
In order to complete our duties as liquidator, we will need to incur additional costs.
Swipe to explore more| Expenses | Cost £ |
|---|---|
| Three statutory Advertisements The Notice of Appointment of the Liquidator. Winding Up Resolutions. Notice to Creditors to Submit Claims. Three statutory advertisements are required in the London Gazette at £108.20 + VAT each. | £324.60 + VAT total cost |
| Postage costs Cost to be confirmed based on various factors such as number of directors and shareholders. | Cost based on the number of letters sent during the lifetime of the liquidation |
| Liquidator’s insurance bond - based on asset value Cost of the insurance bond is based on the value of assets that the company has. | |
| Between £0 to £500 | £10 + VAT |
| Between £501 to 10,000 | £10 + VAT |
| Between £10,001 to £25,000 | £10 + VAT |
| Between £25,001 to £50,000 | £10 + VAT |
| Between £50,001 to £100,000 | £22.00 + VAT |
| Between £100,001 to £250,000 | £37.50 + VAT |
| Between £250,001 to £500,000 | £62.50 + VAT |
| Between £500,001 to £1,000,000 | £82.50 + VAT |
| Between £1,000,001 to £2,000,000 | £150.00 + VAT |
| Between £2,000,001 to £5,000,000 | £175.00 + VAT |
| Over £5,000,000 | £200 + VAT |
| If a higher bond is required, please enquire |
If your company is VAT registered, we can reclaim the VAT on our fees & expenses, so shareholders will only pay the net cost.
