Pricing Debt Recovery

Court Claims

These costs apply where your claim is in relation to a single 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 could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

Initial Stage

Letter before action : £100 plus vat

Our fee includes:

  • Taking your instructions and reviewing documentation
  • Sending a letter before action
  • Receiving payment and sending onto you
  • If payment is not received within X days, providing you with advice on next steps and likely costs

Pre proceedings Searches

To investigate from the public records whether the debtor is in any financial difficulty

Undertake company house, insolvency and property searches : £50 plus vat

Issue Court proceedings

Debt value

Court fee

Our fee (plus VAT)

Total

Up to £5,000

£35 - £205

£200 plus £30 VAT

£435

£5,001 - £10,000

£455

£250 plus £50VAT

£755

£10,001 - £50,000

5% value of the claim

 5% value of the claim)

5% of 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.
  • Interest and compensation for late payment of commercial debt fees may offset much of the costs
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Our fee includes:

  • if the debt is not paid, drafting and issuing claim
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in default
  • When Judgment in default in received, write to the other side to request payment
  • If payment is not received within the stipulated time, providing you with advice on next steps and likely costs

It is difficult to estimate how long the matter will take due to the range of possible outcomes

Amended20/03/2019