Fees

No. Insolnet is free for accountant firms to use. There are no platform fees, no setup fees, no per-seat charges, no minimum referral volume, and no per-case usage fee. The platform is funded by the CVL and MVL fees Insolvency Direct earns on cases that proceed to liquidation.

You can run a Bank Analysis on a watch-list client and conclude that liquidation is not the right path; no fee arises and the case simply closes on your dashboard.

There are two fees. The pre-appointment fee is fixed and quoted in writing after a free first conversation; it covers onboarding, the questionnaire, the Statement of Affairs and the meetings, and is paid as a Statement of Affairs expense under rule 6.7 of the Insolvency Rules, from company funds where there are any and otherwise by the directors. The liquidator's remuneration after appointment is fixed on a basis the creditors approve (a set amount, time costs against an estimate, a percentage of realisations, or a combination) and is paid only from assets realised.

The quote depends on the company's complexity (creditors, employees, assets, bank accounts, trading period, and how much of the preparation your firm does), not on the size of its debts. It itemises the disbursements: the insurance bond required by law, the London Gazette notices, Companies House and identity-check costs and postage.

Where the company has no realisable assets, the pre-appointment fee is paid by the directors before the liquidation begins and is the whole cost. Where assets exist, the liquidator's remuneration is paid from those funds once the creditors have approved the basis.

One fixed fee, quoted in writing once we know the number of shareholders, the assets to be distributed and whether any property or subsidiaries are involved. It includes the statutory adverts and the bond. The members approve it.

The MVL fee is paid from the company's funds before the final distribution to shareholders. For most MVLs this is a transparent line item agreed up front with the directors and shareholders.

Where your firm takes on the onboarding, KYC, questionnaire and Statement of Affairs work that Insolvency Direct would otherwise do, it is paid for that work at a fee agreed with the Insolvency Practitioner and the Director(s) on the expected work, the time required and an agreed rate. Post-appointment liaison, where needed, is time-costed or fixed per task under a written agreement. The fee compensates the time you spend on the practical preparation of the case file — it is a professional services fee for the work done, not a referral commission, and nothing is paid for the introduction itself.

The exact level depends on the size and complexity of the case and is agreed with the Insolvency Practitioner and the Director(s) case by case before any work starts. In a CVL the pre-appointment work is paid as a Statement of Affairs expense under rule 6.7 of the Insolvency Rules, disclosed to creditors and paid only with their approval; post-appointment work is included in the SIP 9 fees estimate and reported to creditors. In an MVL the company pays and the members see the figure.

If you prefer a lighter-touch role and would rather we engage your client directly to gather the information, no partner fee arises.

The partner fee is a fee for professional services your firm has performed on the case. Your firm invoices for the work, applies VAT in the normal way, and accounts for the fee as professional income. It is not a referral commission and there is no obligation on the introducing accountant to share it with the client.

Payment terms and the precise scope of work covered are agreed with our IP before the work starts, and the fee is put to creditors for approval as part of the normal reporting process.

The written quote itemises the insurance bond required by law, the London Gazette notices, Companies House and identity-check costs and standard postage. It does not include third-party costs that vary case by case (postage on creditor circulars beyond standard volumes, valuer's fees on physical asset realisations, agent's fees on debtor recoveries, legal fees on disputed claims).

Where a case requires those, they are agreed with the case manager up front and accounted for through the liquidation cashbook, subject to creditor approval where the Insolvency Rules require it.

The fee discussion happens after Phase 1 (the Bank Analysis) has reached its conclusion and you and Joe Whiley have jointly decided liquidation is the right outcome for the client. At that point Joe will speak to you and the client about the CVL or MVL fee in writing and confirm the engagement.

Until that point, no Insolvency Direct fee arises and your client remains your client throughout. The Bank Analysis itself is delivered to you as part of the platform; it is not a separate chargeable service.

Yes. Where the company has no realisable assets, the pre-appointment fee is paid by the directors before the liquidation starts, and an instalment arrangement over two or three months is usually workable. Directors who are also employees are often able to claim statutory redundancy from the Redundancy Payments Service, which many use to fund the fee.

Where the company has realisable assets, the fees are paid from those funds rather than by the director personally. The liquidator's remuneration is approved by the creditors at the decision procedure.