Price and Timescales Guide for Debt Recovery up to £100,000.00
Range of fixed fees for a business to business debt that is undisputed
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. 20% VAT) | Total |
|---|---|---|---|
| Writing a letter before action to a company | £0.00 | £24.00 | £24.00 |
| Writing a letter of claim to a sole trader | £0.00 | £24.00 | £24.00 |
| Issuing County Court Claim – Value up to £5,000 and obtaining Judgement | £35.00 - £205.00 depending on amount claimed | £86.40 - £122.40 depending on value of claim | £121.40 - £351.88 depending on value of claim |
| £5,001 - £10,000 | £455.00 | £146.40 | £601.40 |
| £10,001 - £100,000 | 5% of the value of the claim | £146.40 upwards depending on complexity of case | 5% of value of claim together with costs as per previous column |
Please contact us for prices for debts exceeding £100,000.
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 cost.
- The costs quoted above do not include enforcement action, such as instructing the bailiff to collect your debt or taking other enforcement action.
Factors that would typically increase the cost of the service
- Compliance with a Pre-Action Protocol
- Defending the Claim
- Enforcement proceedings
Key Stages
The fees set out above cover all of the work in relation to the following key stages of a claim:
- 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 14 days after obtaining a County Court Judgement, providing you with advice on next steps and likely costs
Timescales
Matters usually take 2-8 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.
Our team
Our team has over 20 years of collective experience in delivering high quality work in all matters relating to debt recovery.