answer text |
<p>The following table contains data from the last 3 financial years on the total
amount restrained under restraint orders, the total fees paid to management receivers,
and the percentage of receivership fees as a proportion of the restrained amount:</p><p><strong>Management
Receiverships:</strong></p><table><tbody><tr><td><p><strong>Financial Year</strong></p></td><td><p><strong>Fees
Paid to Management</strong></p><p><strong>Receivers</strong></p></td><td><p><strong>*Total
Amount Restrained Under</strong></p><p><strong> Restraint Order Amount </strong></p></td><td><p><strong>%
of Receivership Fees as a Proportion</strong></p><p><strong> of the Amount Restrained</strong></p></td></tr><tr><td><p>2011
- 2012</p></td><td><p>£1,677,316.04</p></td><td><p>£ 142,861,002.70</p></td><td><p>1.17%</p></td></tr><tr><td><p>2012
- 2013</p></td><td><p>£ 995,667.35</p></td><td><p>£ 142,878,474.31</p></td><td><p>0.70%</p></td></tr><tr><td><p>2013
- 2014</p></td><td><p>£ 1,168,938.64</p></td><td><p>£ 145,485,882.31</p></td><td><p>0.80%</p></td></tr></tbody></table><p>It
should be noted that the amount restrained is constantly fluctuating due to a number
of factors including payment of reasonable living expenses from restrained funds and
the changing values of real property. Accordingly, it is difficult to get an accurate
value as to the amount restrained at any one time.</p><p>*It should further be noted
that the amount shown represents the entirety of restrained funds. However, in many
cases, the receiver is appointed to manage carefully selected assets and not all of
the funds restrained. Accordingly, the receiver's fees as a proportion of the amount
of restrained funds he manages could be considerably higher than the figures shown
above.</p><p> </p><p>The following table contains data from the last 3 financial years
on the total confiscation order amount (i.e. the sum of all assets included in confiscation
orders), total fees paid to enforcement receivers, and the percentage of receivership
fees as a proportion of the confiscation order amount:</p><p><strong>Enforcement Receivers:</strong></p><table><tbody><tr><td><p><strong>Financial
Year</strong></p></td><td><p><strong>Fees Paid to Enforcement</strong></p><p><strong>
Receivers</strong></p></td><td><p><strong>*Total Confiscation Order Amount</strong></p><p><strong>
(including any variations)</strong></p></td><td><p><strong>% of Receivership Fees
as a Proportion </strong></p><p><strong>of the Confiscation Order Amount</strong></p></td></tr><tr><td><p>2011
- 2012</p></td><td><p>£2,716,436.53</p></td><td><p>£109,684,469.49</p></td><td><p>2.48%</p></td></tr><tr><td><p>2012
- 2013</p></td><td><p>£2,982,980.41</p></td><td><p>£140,752,428.67</p></td><td><p>2.12%</p></td></tr><tr><td><p>2013
- 2014</p></td><td><p>£1,413,235.87</p></td><td><p>£138,249,651.38</p></td><td><p>1.02%</p></td></tr></tbody></table><p>*It
should further be noted that the amount shown represents the total sum of assets available
for confiscation. However, in many cases, the receiver is appointed to realise carefully
selected assets and not all assets listed in the confiscation order. Accordingly,
the receiver's fees as a proportion of the assets he is appointed to realise could
be considerably higher than the figures shown above.</p><p> </p>
|
|