COSTS RECOVERY POLICY
effective from 1st January 2017
Officeholder/Manager £55 & £95
Senior Administrator £55 & £95
Junior Administrator £55
Sample Comparatives with Other Local and National Firms are as follows:
Officeholder / Manager £120 to £730
Senior Administrator £100 to £257
Junior Administrator £30 to £110
Disbursements are charged as closely as possible to actual cost with no profit or overhead or estimated element. Circular letter postage is reimbursed at actual cost, as is external copying. Any mileage is charged at Inland Revenue approved scale rate, currently 45p per mile.
VAT at 20% is chargeable on all fees and disbursements.
In common with all professional firms, hourly rates increase from time to time over the period of the administration of each insolvency case. IP Services Ltd or any successor firm reserves the right to change the rates and grade structure.
For 2017 hourly time charge rates, depending on the level of skill and responsibility involved in different types of work, are as follows in respect of levels 1 to 3: