Debt Recovery.

Debt Recovery Service Pricing Information.

Our fees for collecting debts/unpaid invoices with a value of up to £100,000, where the claim is subject to the laws of England and Wales and within the English Courts’ jurisdiction are based mainly on fixed fees. Details of those fees are set out below. There are circumstances set out below where additional sums will be charged on an hourly rate basis (The hourly rates of the team who may deal with your matter range from £187 to £325 plus VAT (£224.40 to £390 with VAT). These fixed fees only apply to debts which are not disputed and where enforcement action is not needed. If the other party disputes your claim at any point, or if enforcement action is needed, we will discuss any further work required and give you updated costs advice.

Our Fees

Stage 1 – Pre-action stage (before court proceedings)

Value of claim (Including interest and compensation)

Court Fee / Disbursement

Cost Range (based on a fixed fee)

Up to £100,000

N/A

Fee: £80 to £220

VAT: £16 to £44

Total: £96 to £264

NB for additional contact with you or your debtor or additional work which is necessary at this stage, we will charge on an hourly rate basis, but we will not do work exceeding a further £500 + VAT (£600 with VAT) without agreeing additional costs with you

Stage 2 – Court proceedings

If there is no payment or no response from the debtor at the pre-action stage, we will take your instructions as to whether you want to issue court proceedings.

Please note: we will have to charge by our individual hourly rates if there are over 20 invoices or if the claim is complex. If we need to charge you hourly rates we will provide a bespoke quote when seeking your instructions.

Value of claim (Including interest and compensation)

Court fee (not subject to VAT)

Cost Range (based on a fixed fee)

Does not exceed £300

£300.01 to £500

£500.01 to £1,000

£1,000.01 to £1,500

£1,500.01 to £3,000

£3,000.01 to £5,000

£5,000.01 to £10,000

£10,000.01 to £100,000

£35

£50

£70

£80

£115

£205

£455

5% of the value of the claim

Fee: £50 to £300

VAT: £10 to £60

Total: £60 to £360

Stage 3 – Judgment

If your debtor does not pay and does not enter a defence we will take your instructions on applying to enter Judgment in Default.

Value of claim (Including interest and compensation)

Cost Range (based on a fixed fee)

Up to £100,000

Fee: £22 to £90

VAT: £4.40 to £18

Total: £26.40 to £108

Services Included

Stage 1:

Initial discussion to take instructions
Reviewing documents
Preparing and sending a letter of claim to your debtor via first class post, threatening court proceedings
Notifying you that the letter has been sent; and
Notifying you when payment has been received (and sending on) or not as the case may be

Stage 2:

Preparing the claim form and the particulars of claim and filing these with the court for issue
Writing to you confirming the documents have been filed with the court and breaking down the costs and interest claimed
Advising you when the claim has been served; and
Notifying you when payment has been received (and sending on) or not as the case may be

Stage 3:

Seeking your instructions to apply for judgment
Preparing the application for judgment and filing it with the court
Advising you when the sealed judgment has been received from the court; and
Serving a copy of the sealed judgment upon your debtor demanding payment within seven days

Services Not Included

Meeting with you and advising you on your prospects of success
Corresponding/negotiating with your debtor or her/his solicitors and reporting to you or obtaining your further instructions in excess of the £100 + VAT cap as set out above
Advising as to the financial status of your debtor; and
Checking addresses or any other details given by you in relation to your debtor
Amending the claim/serving any additional addresses further to any issues arising from non-service of the claim form
Any post judgment steps saves for those set out above

Timescales

Stage 1:

The amount of time you will need to give your debtor to make payment will depend upon the legal entity of your debtor. Since 1 October 2017, if your debtor is an individual or sole trader you are required under the provision of the Pre-action Protocol for Debt Recovery Claims to allow your debtor 30 days to respond to a letter of claim and/or provide payment. If your debtor does not fall within this category you will be required to allow only 14 days. We will seek to act upon your instruction to send a letter of claim within seven days of receipt of your instructions to proceed.

Stage 2:

We shall seek to issue your claim within fourteen days of receipt of your instructions to do so. Thereafter it normally takes at least five days for the Court to issue your claim and fourteen days must then be allowed from the date of service of the claim for your debtor to respond.

Stage 3:

We shall seek to issue your request for judgment within fourteen days of receipt of your instructions to do so. It normally takes two weeks for the Court to issue the judgment, however it may take longer due to Court delays.

Overall matters usually take 12 weeks from receipt of instructions from you to receipt of payment from the other side (if payment is made promptly further to a judgment). If enforcement action is needed, the matter will take longer to resolve.

The Team

Find out more about the individuals who may be working on your case via the links below. Their profiles will include information as to their experience and qualifications.

Debbie Ray, debt recovery administrator

Accreditations