The P&A Partnership charged more than £470,000 for handling the collapse of a bakery business in Scarborough, reports reveal.
Some £1.358 million was realised from the sale of Woodhead Bakery after it went into administration.
P&A collected £474,940 for handling the administration and liquidation of the company.
A guide to fees states partners, associate partners and directors charge up to £600-an-hour, calculated in units of six minutes.
Unsecured creditors owed £1.5 million shared £4,000, a P&A report shows.
Woodhead Bakery employed 330 people at a plant in Scarborough and 31 shops across the region. It also supplied Morrisons supermarket.
It turned over £10.5 million-a-year, but was losing money when the board contacted The P&A Partnership.
Stewart, his director wife Laraine, his brother Colin and managing director Philip Davies signed forms appointing P&A and placing the company in administration.
Woodhead was broken up and sold off. Fellow Scarborough bakers Cooplands bought the business and 18 shops, while Midlands-based Bakery Products took on the Beaconsfield Street bakery and the remaining stores. Bakery Products went into administration 15 months later.