Debt Recovery Prices
Debt Recovery Service
Our Services
- Pre-legal advice
- Letters Before Action
- Monitoring Payment Instalments
- Issuing Court Proceedings
- Dealing with Defended Actions
- Applying for judgments
- Enforcing judgments i.e. Bailiffs, High Court Enforcement Officers, Charging Orders, Third Party Debt Orders and Attachment of Earnings
- Statutory Demands
- Bankruptcy Petitions
- Winding Up Petitions
Instructing Us
Usually all we require from you to action an instruction is a copy of the outstanding invoices/statement of account, together with the debtor’s contact details and any relevant correspondence between you and the debtor.
Should further action be required our solicitors can assist you with issuing legal proceedings or even bankruptcy and winding up proceedings. For more information please do not hesitate to contact us.
Debt Recovery – the costs involved
These costs apply where your claim relates to an unpaid invoice or invoices which are 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 which might be on a fixed fee basis, conditional fee or an hourly rate basis.
Our Fees
Undefended/undisputed
Our estimated fees structure in relation to the undisputed claim is noted below from stage 1-4. Our estimated fees are exclusive of VAT and all disbursements such as court fees, counsel fees and any other necessary disbursements which you may need to incur.
Defended
If the matter is defended we charge hourly fees which start from £175+ VAT, excluding all disbursements.
Pre-Action Advice (Stage 1)
Is it a company debt or individual/sole trader?
| Our Charges | |
|---|---|
| Individual/ Sole trade- Standard letter before action UK | £100.00 - £500.00 |
| Company- Standard letter before action | £100.00 - £500.00 |
| Follow up letters | £25.00 |
| Bespoke non-standard drafted letters | From £20.00 per letter |
Issuing a Claim (Stage 2)
| Debt | Court fees | Our legal fees |
|---|---|---|
| Up to £300 | £35 | £90 plus VAT – and a success fee of 12.5%, 22.5% or 32.5% depending on whether the debt is recovered at stage 1, 2 or 3. |
| £300 – £500 | £50 | £90 plus VAT – and a success fee of 12.5%, 22.5% or 32.5% depending on whether the debt is recovered at stage 1, 2 or 3. |
| £500 – £1,000 | £70 | £125 plus VAT– and a success fee of 12.5%, 22.5% or 32.5% depending on whether the debt is recovered at stage 1, 2 or 3. |
| £1,000 – £1,500 | £80 | £145 plus VAT– and a success fee of 12.5%, 22.5% or 32.5% depending on whether the debt is recovered at stage 1, 2 or 3. |
| £1,500 – £3,000 | £115 | £150 plus VAT– and a success fee of 10.5%, 18.5% or 22.5% depending on whether the debt is recovered at stage 1, 2 or 3. |
| £3,000 – £5,000 | £205 | £150 plus VAT– and a success fee of 6.5%, 15.5% or 20.5% depending on whether the debt is recovered at stage 1, 2 or 3. |
| £5,000 – £10,000 | £455 | £170 plus VAT– and a success fee of 4.5%, 16.5% or 18.5% depending on whether the debt is recovered at stage 1, 2 or 3. |
| £10,000 - £100,000 | 5% of claim | £260 plus VAT– and a success fee of 3.5%, 14.5% or 13.5% depending on whether the debt is recovered at stage 1, 2 or 3. |
Once the court has served the claim a debtor has 14 days in which to file a defence or enter an acknowledgement. After the 14-day period has expired a request can be made to the court for judgment to be entered providing the debtor has not filed an acknowledgement or a defence.
Request for Judgement (Stage 3)
If judgment is obtained but not duly settled then further action will be required to enforce the judgment and secure payment. We will need to discuss any third-party fees in respect of enforcement with you separately. Please note that we reserve the right to charge an additional fee if we are required to arrange third party enforcement.
Timescale: It usually takes the court about 10 working days to enter judgment following receipt of a request for judgment.
Defended Claims
Please Note: The above set fees are only applicable in undefended actions. If your debt claim becomes defended at any point, then we reserve the right to charge the applicable hourly rate set out in our retainer letter to you.
Additional services if necessary
Where possible indications of third-party costs are given.
Enforcement of Judgement (Stage 4)
| Disbursement £ | Our Charges £ | |
|---|---|---|
| Issuing warrant of execution to Bailiff | £110.00 court fee (less £30.00 if via CCBC) | £100 - £300 |
| High Court Enforcement Officers | £66.00 | £200 - £400 |
| Re-issue of warrant of execution | £33.00 | £50 |
| Charging Order on property to be dealt with on paper | £110.00 | £400 |
| Prep for Charging Order hearing if objection filed | Agent's fee for attendance | £250 |
| Third party Debt order to first hearing | £110.00 and agent's fee for attendance | £250 |
| Order to obtain information through Court | £55.00 and agent's fee for service | £150 |
| Application for substituted service of Information Order | £100.00 | £200 - £400 |
| Attachment of Earnings | £110.00 | £200 - £400 |
If we are required to enter into correspondence about the enforcement then the matter will no longer be treated as a fixed fee enforcement and additional charges will apply based on the applicable hourly rate set out in our client care letter to you.
Undefended/undisputed
Our estimated fees structure in relation to the undisputed claim is noted below from stage 1-4. Our estimated fees are exclusive of VAT and all disbursements such as court fees, counsel fees and any other necessary disbursements which may you need to incur.
Defended
If the matter is defended we charge hourly fees which start from £175+ VAT, excluding all disbursements.
