We pride ourselves on exceptional customer care skills enabling you to send out the right message and retain the goodwill of your customers whilst recovering outstanding payments.
We can offer you clear, practical advice and will discuss all the options available to establish the most appropriate way of dealing with debtors. We have tried and tested processes in place to ensure we can recover debts quickly, efficiently and cost-effectively, with transparent fixed fees.
All undisputed debt recovery work is carried out at a fixed rate.
Letter Before Action
Amount of Debt | Charge + VAT at 20% |
---|---|
£0-1,000 | £150.00 (+ VAT at 20% ) |
£1000.01 – £4,999.99 | £195.00 (+VAT at 20% ) |
£5,000 – £10,000 | £290.00 (+VAT at 20%) |
£10,000 – £25,000 | £350.00 (+VAT at 20% ) |
£25,000+ | £395.00 (+VAT at 20% ) |
Letter before action charges are not recoverable from your debtor.
Claim Form
We will commence Court proceedings against your debtor on your behalf.
Amount of Debt | Charge [+VAT at 20%] | Court Issue Fee | Fixed Costs* |
---|---|---|---|
Up to £300 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | £35.00 | £50.00 |
£300.01 – £500 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | £50.00 | £50.00 |
£500.01 – £1,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00)) | £70.00 | £70.00 |
£1,000.01 – £1,500 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | £80.00 | £80.00 |
£1,500.01 – £3,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | £115.00 | £80.00 |
£3,000.01 – £5,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | £205.00 | £80.00 |
£5,000.01 – £15,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | £455.00 | £100.00 |
£15,000.01 – £50,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | 5% of the value of the Claim | £100.00
|
£50,000.01 – £100,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | ||
£100,000.01 – £150,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | ||
£150,000.01 – £200,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | ||
£200,000.01 – £250,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | £10,0000 | £100.00
|
£250,000.01 – £300,000 | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | ||
£300,000.01 + | £200.00 – £500.00 (+ VAT at 20% – £40.00 – £100.00) | ||
To issue proceedings other than a money claim | To be agreed |
*Indicates what is recoverable from your debtor. The Court Issue fees shown above are normally also recoverable from the debtor.
To Request Judgment in Default (where the defendant has not filed an Acknowledgment of Service or a Defence)
Amount of
Debt |
Default of Acknowledge-
-ment of Service Charges |
Fixed
Costs Recoverable* |
Default of Defence
Charges |
Fixed
Costs Recoverable* |
---|---|---|---|---|
£0 – £5,000 | £50 + VAT at 20% – £10.00 | £22 | £50 + VAT at 20% – £10.00 | £25 |
Over £5,000 | £50 + VAT at 20% – £10.00 | £30 | £50 + VAT at 20% – £10.00 | £35 |
*Indicates what is recoverable from your debtor
These costs apply for undisputed outstanding payment of invoice(s).
If the debt is under £10,000 there is a no costs rule which will mean that as a general rule you are unable to recover your costs from the debtor even if you are successful. Fixed costs and Court fee are usually recoverable and are indicated above by a *
You can claim interest and compensation and we will advise you of the applicable rates.
Disputed Debt Recovery (Claims over £10,000)
If during the debt recovery process, the matter becomes disputed or enforcement action is required (where Judgment has been obtained but the amount remains unpaid), we will discuss the change in fees with you and agree a way forward.
Upon a case being defended we will advise as to the merits of that defence and provide a full breakdown of likely costs of continuing the action.
However, to give you an indication of fees, all work will be charged on a time spent basis in accordance with hourly rates. As set out above, the average hourly rate of fee earners in the Commercial Litigation and the Dispute Resolution Team is £240 per hour plus VAT at 20%
Disputed Small Claims matters (matters less than £10,000)
This Firm does however offer a Fixed Fee for the conclusion of small claims matters (whether it be by way of early settlement or determination, Court Judgement or Order or discontinuance).
Claims up to £5,000 – Fixed Fee £2,000 – £3,000 plus VAT at 20% (£400.00 – £600.00) and disbursements *
Claims £5,000 to £10,000 – Fixed Fee £4,000 – £5,000 plus VAT at 20% (£800.00 – £1,000.00) and disbursements *
*Court fee as set out above and barrister fees for attendance at a final hearing (dependent on barrister seniority) usually £285 – £300 plus VAT at 20% (£57.00 – £60.00) for a small claim.
Hearing Fees
Where a matter is disputed and the matter is listed for a hearing, there will also be a hearing fee.
Small Claim Track where the amount claimed is:
- Claims up to £300 £25
- Claims between £300.01 and £500 £55
- Claims between £500.01 and £1,000 £80
- Claims between £1,000.01 and £1,500 £115
- Claims between £1,500.01 and £3,000 £170
- Claims more than £3,000 £335
- Fast track claims (claims over £10,000) £545
- Multi track claim (claims over £25,000) £1,090
Time Scales
There is no typical debt recovery timescales. However, to give you an indication a typical debt recovery demand letter provides for a response within 14 days for a company debtor and 30 days for an individual debtor.
Whether we are required to issue a claim and whether the other side pay promptly on receipt of any Judgment issued by a court. As detailed above, if enforcement action is required, we will discuss the fees and timescales involved.
Key Milestones
With every transaction there are key milestones, which may vary according to individual circumstances. Our fee will include these milestones and may be as follows:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Issuing a letter before action requesting payment from the debtor
- Receiving payment and sending this on to you
- Drafting and issuing a claim form to the relevant court if the debt is not paid
- Applying to the court to enter a Judgment in Default if the debtor fails to respond to court proceedings
- Contacting the other side to request payment where a Judgment in Default has been issued by the court