Please visit for confidential help and insolvency advice or email

Wednesday, 18 January 2012

Bond Partners LLP Administration, Complaint Over CVA Supervisor Fees

Received a call today, following up our blog on Monday about Bond Partners LLP. I was informed that a company in a CVA that paid £180,000 contributions into a CVA in its first 12 months had been appalled that creditors received nothing in return. The CVA Supervisors fees taken ?

I am informed that the fees taken were £180,000. If this is to be believed, and the company concerned is taking legal advice, this is astonishing.

This company had had £480k of debts and around 45 creditors, so a normal supervisors fee in year one would be no more than £5-6,000 from £180k of contributions.

What is also interesting is there is very little news coverage on this failure of a mid sized insolvency firm?

1 comment :

  1. This comment has been removed by a blog administrator.


Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at If you are a professional advisor with a troubled client, please suggest they visit or contact me as above.

Web Analytics