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Debt Recovery Prices

Debt Recovery Prices - Range of Fixed fees

Each case is different. Please email us or call 01202 525333 and we will give you an estimate or fixed fee based on the circumstances of your individual case.

These costs below 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. Where appropriate, we seek to agree a fixed fee at the outset of the matter. Below we have set out a guide to likely costs based upon the value of the debt. In the event that a matter became more complicated than initially anticipated we would charge additional fees on a time spent basis of £175 plus VAT per hour.

Debt value Court fee Our fee (incl. VAT) Total
Up to £5,000 £35 (minimum)

£205 (maximum)

£350 (excluding VAT)

The total fee above is made up as follows:-

£50 to draft a Letter Before Action

£150 to draft the Claim Form & Particulars of Claim and issue at Court

£50 to request Judgment be entered by the Court

£50 to write to the other side to request payment of the Judgment debt

£50 to advise the client on next steps regarding enforcement

£555 plus VAT
£5,001 - £10,000 £455 (max) £700 (excluding VAT)

The total fee above is made up as follows:-

£150 to draft a Letter Before Action

£250 to draft the Claim Form & Particulars of Claim and issue at Court

£100 to request Judgment be entered by the Court

£100 to write to the other side to request payment of the Judgment debt

£100 to advise the client on next steps regarding enforcement

£1155 plus VAT
£10,001 - £50,000 5% value of the claim

(£2,500 max)

£1050 (excluding VAT)

The total fee above is made up as follows:-

£250 to draft a Letter Before Action

£400 to draft the Claim Form & Particulars of Claim and issue at Court

£100 to request Judgment be entered by the Court

£150 to write to the other side to request payment of the Judgment debt

£150 to advise the client on next steps regarding enforcement

£3550 plus VAT


Our fee includes:
The VAT element of our fee cannot be reclaimed from your debtor.Anyone wishing to proceed with a claim should note that:

  • 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.
  • 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 X days, providing you with advice on next steps and likely costs

Matters usually take 8 - 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.

 
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