Harlequin administrator racks up fees of £28k in first ten days

Harlequin Management Services (South East) filed a notice of intention to appoint administrators at the High Court of Justice at the end of April and Shipleys took up the position on 3 May. In a letter to creditors, Shipleys said it has incurred time costs totalling £28,323.28, exclusive of VAT, in relation to advice and assistance given in obtaining the administration order. Charles Russell - which provided legal advice and assistance in preparing the appointment documentation - has produced a bill of £9,000 excluding VAT. When a company goes into administration the costs of the pro...