Our Approach to Costs
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Whilst a struggling business proprietor cannot avoid expert advice from licensed advisors , this carries a direct cost to those who are suffering financially. In many cases, personal guarantors could in effect be bearing the cost. We understand this:
- As we are both the directors and shareholders, we do not need to satisfy the demands of external shareholders or a head office.
- We take pride in undertaking our work efficiently and controlling our costs properly. We do not take advantage of vulnerable clients by charging what we can get away with. We take a longer-term view that this would offend our work referrers.
- We are appropriate for SMEs. We do not over-engineer what should be simple solutions. We do not employ layers of non-productive administrative staff nor do we have overly complicated management systems that are expensive in time and money to implement.
- We are here principally for the satisfaction of working for ourselves, servicing our clients the way we want. We do not have extravagant lifestyles.
- We do not operate from unnecessarily lavish premises but from functional yet professional offices outside the expensive city centre areas.
- We train our staff ourselves to undertake their work the way that we believe it should be done and engender a sense of professional pride.
We believe that our approach to charging is highly competitive and our work referrers confirm this point.
- Our initial consultations are on an entirely confidential basis and free of charge.
- We will agree with you how our charges will be calculated in writing and in advance .
- We commonly calculate our charges on the basis of the time spent at a standard hourly rate. These vary from £50/ hour to £225/ hour for a director.
- In company rescue assignments, we are open to charging on the basis of the outcome.
- Creditors normally set the cost of formal insolvency processes. We comply with both the letter - and the sprit - of the law and good practice, which requires proper disclosure and consultation with creditors.
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