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Debt Recovery Price Structure and Guidance

Letter Before Action

In order to send a Letter Before Action, to demand payment of an unpaid invoice, listed below are our charges as follows:

Debt Value and Our Fixed Fees

  • Up to £5,000 - fixed fee of £225 plus VAT (at 20%)
  • £5,001 to £15,000 - fixed fee of £250 plus VAT (at 20%)
  • £15,001 to £25,000 - fixed fee of £300 plus VAT (at 20%)
  • £25,001 and over - fixed fee of £400 plus VAT (at 20%)

We are happy to discuss an alternative pricing structure for bulk/repeat instructions at competitive rates. Our fee includes:

  • Taking your instructions and reviewing your documentation
  • Undertaking appropriate searches
  • Sending a Letter Before Action

 

Court Action

Debt Value and Our Fixed Fees

  • Up to £25,000 - fixed fee of £400 plus VAT (at 20%)
  • £25,001 and over - fixed fee of £550 plus VAT (at 20%)

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 court issue fee
  • 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 your documentation
  • The drafting and issuing at court of a claim form
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in default
  • When Judgment in default is received, write to the other side to request payment
  • If payment is not received within 14 days, providing you with advice on the next steps and likely costs which can be taken to enforce the Judgment

 

Length of Case

Matters usually take between 7 days to 6 weeks, from receipt of instructions from you to receipt of payment from your debtor, depending on whether or not it is necessary to issue a claim at court. 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.