£318 per hour is probably a fair price for TB's time, however that is an average figure so includes the time spent by secretaries, accounts juniors, credit controllers etc etc. Having been on the receviving end of a few bad debts, it does make you blood boil how much an administrator can hoover up even in the most simple of cases. I remember a case when one of the big four accountancy firm ran an insolvency and the fees were over ten miilion leaving around £25,000 to be distributed to the creditors.