Free tool

Prescribed Part Calculator

Calculate the s.176A ring-fenced prescribed part from floating charge realisations and show the full creditor waterfall. Updated for the £800,000 cap (April 2020).

Case figures

Enter amounts in £

Net floating charge realisations

Total realisations from floating charge assets before any deductions

Liquidation / administration costs

Office holder remuneration, expenses and disbursements

Preferential creditor claims

Employee wages (8 wks × £800 cap), holiday pay, pension contributions

Floating charge debt outstanding

Total amount owed to floating charge holder(s)

Unsecured creditor claims

Total provable unsecured debts (excluding floating charge shortfall)

Prescribed part

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Legal basis

s.176A Insolvency Act 1986 · The Insolvency Act 1986 (Prescribed Part) Order 2003 (SI 2003/2097) as amended by SI 2020/211 · Applies to floating charges created on or after 15 September 2003

Formula: 50% of first £10,000 + 20% of balance, capped at £800,000

Disclaimer: The prescribed part calculator and guidance on this page are for general reference only based on s.176A Insolvency Act 1986 and SI 2003/2097 as amended. Calculated figures are estimates only — actual prescribed part entitlements depend on the specific facts of each case, the validity of floating charges, and any court directions. InsolvencyHub accepts no liability for errors in calculated figures. Always confirm the prescribed part with a qualified insolvency practitioner and legal counsel before distribution.