§ Mr. SimmondsTo ask the Secretary of State for Trade and Industry what estimate her Department has made of the average accountancy fee for completing a company voluntary agreement as a percentage of the net value of the company in each year since 2000. [164287]
§ Mr. SutcliffeThe Insolvency Service, the Executive Agency of the Department for Trade and Industry that has responsibility for the policy regarding company voluntary arrangements (CVAs) does not collect statistical information regarding the fees of nominees and supervisors on a regular basis and no estimate of such fees is available. Proposals put to a company's creditors contain details of the charges of the nominee and supervisor. It is up to the creditors to decide whether to accept such proposals.