When providing costs for debt recovery, we provide a fixed fee based on the value of the debt to recover.
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||Court fee||Our fee (incl. VAT)||Total plus court fee|
|Up to £5,000||Scale between £35-£205||£250.00 (£50.00 VAT)||£300.00|
|£5,000.01 – £10,000||£455.00||£250.00 (£50.00 VAT)||£300.00|
|£10,000.01 – £200,000||5% value of the claim||£500.00 (£100.00 VAT)||£600.00|
Anyone wishing to proceed with a claim should note that:
- Our fee cannot be reclaimed from your debtor.
- Interest and compensation fees may be recoverable but 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 or High Court Enforcement Officer, is needed to collect your debt.
- The court fees are normally recoverable from the debtor. Nominal costs are recoverable which we charge in addition and take if recovered.
Our fee includes:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Sending a letter before action and complying with pre-action protocol
- Receiving payment and sending on to 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 is received, consider enforcement action advise on next steps and likely costs
Matters usually take 6-8 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.