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 £210 to £405 plus VAT (£252 to £486 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: £85 to £250

VAT: £17 to £50

Total: £102 to £300

Please note that we may charge a higher fixed fee if the matter is complex or there are more than 20 unpaid invoices/items but pricing would be provided to you when seeking your instructions.

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 providing a cost estimate for the next stage, if applicable and/or where possible, seeking your instructions to proceed with further additional work.

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 £200,000

More than £200,000

£35

£50

£70

£80

£115

£205

£455

5% of the value of the claim

£10,000

Fee: £150 to £630

VAT: £30 to £126

Total: £180 to £756

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: £50 to £150

VAT: £10 to £30

Total: £60 to £180

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 £500 plus 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 working days of receipt of your instructions to proceed.

Stage 2:

We shall seek to issue your claim within ten working days of receipt of your instructions to do so. Thereafter it normally takes at least five working days for the Court to issue your claim (however, this may take longer depending on the Court’s processing times) and 14 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 10 working days of receipt of your instructions to do so. It normally takes at least 14 working days for the Court to issue the judgment, however it may take longer depending on the Court’s processing times.

Overall matters could 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) but this may vary depending on individual cases. 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 case handler
Abbie Fisher, debt recovery administrator

Accreditations