For undisputed debts owed to business clients of up to £100,000 we offer fixed fees.
Debt Value | Letter of Claim | Issue proceedings | Request judgment |
Up to £999 | £50 | £150 | £100 |
£1,000 to £9,999 | £70 | £500 | £100 |
£10,000 to £24,999 | £100 | £1,000 | £100 |
| £25,000 to £49,999 | £250 | £1,250 | £100 |
£50,000 to £100,000 | £500 | £1,500 | £100 |
There is an additional charge of £500 for the first time you instruct us on debt recovery so that we can discuss your needs with you and review your terms, practices and invoices. The fixed fee for a letter of claim may be higher if we think it is worth us investigating the creditworthiness of the debtor.
All of the fees quoted above are subject to VAT, which will be charged in addition. Court fees are payable in addition to the above and will be required on account.
Our fee includes:
- Sending a letter before action
- Receiving payment and sending onto you, or 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 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 recovering 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 Judgment in default. If enforcement action is needed, the matter will take longer to resolve.
We will only offer ‘no win no fee’ type arrangements (for example Conditional Fee Agreements (‘CFA’s’)) for debt recovery when we are instructed to recover a book of debts at once (for example, on behalf of an insolvency practitioner, when we will usually charge 15% of whatever is recovered).