Debt Recovery Pricing

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About Our Prices

The following 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, or enforcement becomes necessary, we will discuss any further work and provide you with revised advice about costs as required.

See the table below setting out our fees for court claims (undefended debts). NB: The court fee is in addition to our professional fee if proceedings are issued at court.

Where applicable, VAT is charged at a rate of 20% unless specifically stated.

An administrative fee associated with the cost of storage of papers applies on each file at £40 + £8 vat = £48.

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Our Debt Recovery Fees

Fee Breakdown

Debt value	Court fee	Our professional fee
	Payable on account prior to issue of proceedings	Pre issue of court proceedings % of the value of the claim plus VAT*	Post issue of the court proceedings % of the value of the claim plus VAT*
Under £1000	Up to £70	£100 fixed fee	£175 fixed fee
£1000 – £3000	Up to £115	10%*	17.50%*
£3001 – £5000	Up to £205	8%*	15%*
£5001 – £10000	Up to £455	7%*	10%*
£10001 – £15000	5% of the value of the claim	6%*	9%*
£15001 – £20000	5% of the value of the claim	5%*	8%*
£20001 – £25000	5% of the value of the claim	4%*	7.5%*
£25001 – £30000	5% of the value of the claim	4%*	7%*
£30001 – £100000	5% of the value of the claim	3%*	6%*

Inclusions & Assumptions

Our fee includes:

Pre-issue

Taking your instructions and reviewing documentation
Undertaking appropriate searches
Sending a CPR compliant letter before action
Receiving payment and sending onto you

Post-issue

If the debt is not paid, drafting and issuing court proceedings
Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in Default
When Judgment in Default in received, write to the other side to request payment
If payment is not received within 14 days, providing you with advice on next steps and likely costs

Assumptions

The fee range is conditional on the following assumptions:

We have all the documents and you will co-operate with the provision of further information;
Your debtor is correctly identified and his whereabouts are known;
The debts are not subject to substantive dispute and/ or set off or counterclaims.

Optional Extras/ Exclusions

Advice and preparation in relation to any substantive dispute;
Advice and preparation in relation to a defended claim;
Advice and preparation in relation to any injunction proceedings which could be brought against you;
The collection and accounting to you of monthly instalments for a period in excess of two months.

Additional Information On Costs

Trace agents

There will be an administration charge of £35 plus VAT for instructing a Trace Agent (total £42). Agents’ charges also apply and these may vary, depending on the debtor’s location. On average, agents’ fees are approximately £80 plus VAT (total £96). We can provide a quotation on request geared to your / the debtor’s circumstances.

Instalment arrangements

Where a single lump sum is not recovered in final settlement and we need to spend time to monitor instalment payments, we make a charge of 10% plus VAT on instalments received. Where possible this is added to the debtor’s outstanding balance.

Contentious matters

Should a matter become contentious at any stage throughout the action, we will discuss any further work required and provide you with an estimate of our charges to conclude the action on your behalf.

Negotiating settlements

If at any stage of our involvement we enter into discussions with your debtor to attempt settlement, we will discuss any further work required and provide you with an estimate of our charges to conclude the action on your behalf.

Timescales Of Each Key Stage

Stage 1 – Pre-Legal

Sending a Letter Before Action

Before issuing the Letter Before Action we will: take your instructions; review all documentation; undertake appropriate searches; and agree a draft Letter Before Action with you (unless you have instructed us otherwise).

Likely timescale of this key stage: 2 – 5 working days after instructions confirmed & funds cleared, depending on the amount of documentation and whether revisions are required to the draft.

If we receive a payment in response, we will send it onto you within a likely timescale of 2 – 3 working days of cleared funds being received

Stage 2 – Proceedings

Drafting and issuing court proceedings

If the debt is not paid, we will draft and issue court proceedings.

Likely timescale of this key stage: 2 – 5 working days after instructions confirmed & funds cleared depending on the complexity of the background to the claim.

Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in Default

Likely timescale of this key stage: within 5 weeks of proceedings being issued.

NB – due to current work backlogs at the Court offices, there is currently a delay in processing requests for Judgment in Default. This is outside of our control however we will advise you on the indicative timescale for processing at the relevant time.

If Judgment in Default is received, write to the other side to request payment

Likely timescale of this key stage: 2 – 5 working days after receiving Judgment in Default

If payment is not received within 14 days, providing you with advice on next steps and likely costs

Likely timescale of this key stage: within 2 – 5 working days of the expiry of the 14 days deadline

Insolvency Proceedings

A) Personal Bankruptcy

Our fees: £150- £3,000

Disbursements

£302 – Petition fee
£990 – Official receiver deposit
£85 – Process server fee
£110 – Advocate’s fee

B) Corporate Winding-Up Proceedings

Our fees: £150- £3,000

Disbursements

£302- Petition fee
£1600 – Official Receiver deposit
£85 – Process server fee
£90 – Advertisement fee
£110 – Counsel’s fee

Team details

Our team operates within our commercial litigation department which collectively has over 90 years of experience in delivering high quality work in all matters relating to commercial litigation, including commercial debt recovery.

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