Our fees
Debt Recovery
These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed.
If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which will be based on an hourly rate if more extensive work is needed.
If the matter is disputed it will be classed as a litigation action and will fall outside of Debt Recovery.
Pre-action:
Letter before action
Business to business
£75 + 20% VATLetter before action
Debtor is individual or sole trader
£150 + 20% VAT
The above fees include:
- Taking your instructions and reviewing documentation;
- Sending a letter before action; and
- If the debt is paid, receiving payment and sending onto you.
The above fees do not include any additional correspondence or communication with the debtor or their legal representative, including negotiation of payment terms. Any additional correspondence will be charged in accordance with our hourly rates.
Court Claims:
Debt Value
Court Fee
Up to £5,000
£35-£205
£5,001 - £10,000
£455
£10,001 - £50,000
5% value of the claim
Debt Value
Our Fee (plus 20% VAT)
Up to £5,000
£250
£5,001 - £10,000
£500
£10,001 - £50,000
£x (or x% value of the claim)
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from your debtor.
- Interest and compensation may take the debt into a higher banding, with a higher cost.
- The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.
Our fee includes:
- Drafting and issuing claim in the court;
- Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default.
- When Judgement in default in received, write to the other side to request payment
- If payment is not received within 14 days, providing you with advice on next steps and likely costs
Matters usually take 4-12 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim.
This is on the basis that the other side pays promptly on receipt of Judgement in default.
If your matter is disputed, defended or enforcement action is required then the matter will be classed as a litigation matter and the hourly rate will apply. We shall advise you if this is necessary and discuss the matter and costs going forward.
Estimated timescales
4-
0
Wks