Debt Recovery
Cash flow is an important part of the daily running of every business. We understand that slow paying customers and unpaid bills are a real problem – and if unresolved, in the worst case can lead to the failure of business. We are experts in debt recovery and enforcing debts on your behalf and can also advise on implementing procedures which will drastically reduce the scale of the problem or even make it disappear. Contact us today to find out how we can help you and your business.
Schedule of Fees and Costs
1) Taking Instructions and Letter Before Action to Debtor
Debt value |
Our Fee |
Up to £5000 |
£50 + VAT |
£5000.01 to £15000 |
£100 + VAT |
2) Issue and Postal Service of Claim Form at County Court
Claim Value |
Court Fee |
Our Fee |
Up to £300 |
£35 |
£80 + VAT |
£300.01 to £500 |
£50 |
£100 + VAT |
£500.01 to £1000 |
£70 |
£110 + VAT |
£1000.01 to £1500 |
£80 |
£110 + VAT |
£1500.01 to £3000 |
£115 |
£150 + VAT |
£3000.01 to £5000 |
£205 |
£180 + VAT |
£5000.01 to £15 000 |
£455 |
£180 + VAT |
£15000.01 to £50,000 |
£610 |
£180 + VAT |
3) Obtaining Default Judgment (without a Court Hearing)
Claim Value |
Court Fee |
Our Fee |
Up to £5000 |
N/A |
£100 + VAT |
Over £5,000 |
N/A |
£120 + VAT |
4) Additional Costs and Court Hearing Fees
Our Fee |
|
Collecting installments and accounting to the client |
£18 + VAT per instalment |
Re-issue of Claim Form or Judgment |
£25 + VAT |
Company Search |
£25 + VAT |
County Court Judgments Search |
£25 + VAT |
To attend Court on behalf of client |
£180 per hour + VAT |
Further letters/emails, telephone calls in from client or out to client |
£180 per hour + VAT (£18 plus VAT per 6-minute unit) |
5) Enforcement
Method of Enforcement |
Court Fee |
Our Fee |
Court Bailiff – Warrant of Control |
£55 |
£180 + VAT |
High Court EnforcementPlus potential abortive fee of |
£60 £72 |
£180 + VAT |
Order to attend Court for questioning |
£45 |
£180 + VAT |
Attachment of Earnings Order |
£100 |
£180 + VAT |
Application for Charging Order against property |
£100 |
£250 + VAT |
6) Statutory Demands
Drafting and arranging service of the Statutory Demand and reporting to you on any response received and/or the next steps to take | £220 + VAT |
Note
The winning party in a defended matter for a debt over £10,000 can recover the majority of their solicitors’ costs and court fees from the Defendant.
In all cases Solicitors’ fixed costs* and court fees can be recoverable from the debtor upon full payment to the creditor. They are added to the debt upon the issue of the Claim Form. The above rates apply to standard debt collection work as listed above only. If a matter becomes non-standard or defended, further work is conducted at an hourly rate of £180 plus VAT and further court fees will be payable
*Fixed costs are recoverable from the defendant in simple money claims
Where – the value of the claim exceeds £25 but does not exceed £500 | £50 |
the value of the claim exceeds £500 but does not exceed £1,000 | £70 |
the value of the claim exceeds £1,000 but does not exceed 5,000 | £80 |
the value of the claim exceeds £5,000 | £100 |