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MVL Disbursements

In order to complete our duties as liquidator, we will need to incur additional costs.

These are disbursements which are as follows;

  • Statutory Advertising; three advertisements are required in the London Gazette at £73.50  plus VAT each
    1. The Notice of Appointment of the Liquidator.
    2. Winding Up Resolutions.
    3. A third advert must also be placed to advertise for creditors to come forward with any claims.
  • Company Search fee of £1 plus VAT.
  • Document Management Fee of approximately £14 per year.
  • Storage of Books & Records, £80 per box per year. This is charged once the records are logged and then annually.
  • Mileage charge of 45p per mile for collecting the Company’s Books and Records.

Finally, there will also be a disbursement regarding an Insurance bond.

This is dependent on the level of expected asset realisations and breaks down as follows:

Value of AssetsCost £
Between £25,000 to £50,000£74
Between £50,000 to £100,000£110
Between £100,000 to £250,000£168
Between £250,000 to £500,000£256
Between £500,000 to £1,000,000£336
Between £1,000,000 to £2,000,000£650
Between £2,000,000 to £3,500,000£800

View MVL page

Authored by Andy Wood

Andy Wood

Associate Director & Licensed Insolvency Practitioner

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