Debt Recovery Costs

COURT CLAIMS

These costs apply where your claim is in relation to an 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.

Debt value

Our fee 

Up to £5,000

£1,000 (plus VAT)

£5,001 - £10,000

£1,250 (plus VAT)

£10,001 - £50,000

£2,500 (or 10% value of the claim)

£50,000 - £100,000

£4,000 (or 10% value of the claim)

In addition to the above fees your claim will attract a court issue fee as set out in the table below.

 

 

Value of Claim Court Issue Fee
Less than £300 £35
£301 to £500 £50
£501 to £1,000 £70
£1,001 to £1,500 £80
£1,501 to £3,000 £115
£3,001 to £5,000 £205
£5,001 to £10,000 £455
£10,001 to £200,000 5% of the value of the claim
£200,000 + £10,000

 

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.
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • 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 Judgement in default
  • When Judgement 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 3 - 12 weeks from receipt of instructions from you to receipt of 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 Judgement in default. If enforcement action is needed, the matter will take longer to resolve.

 

Our Team: The Lawyers that will be involved in your case will be advised to you at the time that your instructions are accepted. You can however review the team members by clicking on this link.