Debt Recovery Costs
Range of fixed fees for a business to business debt that is undisputed where enforcement action is not needed.
Court Claims
These fees apply where your claim is in relation to an unpaid business to business 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.
The fees set out below are all based on an hourly charging rate of £165 and will be subject to VAT at the standard rate of 20%.
Pre Issue Correspondence
|
Our Fees |
Stage |
Time Scale |
|
£82.50 - £165.00 plus VAT charged at 20% |
Taking your instructions and reviewing your documentation. Opening a file, carrying out a conflict check, credit checks for companies or insolvency checks against individuals, sending an initial letter of claim that complies with the Civil Procedure Rules and any applicable Pre Action Protocol. |
2-6 weeks |
|
£82.50 - £165.00 plus VAT charged at 20% |
Dealing with pre-issue communications, including receiving payments and sending on to you. |
Included within the 2-6 weeks above |
There will be an administrative charge of £12 plus VAT charged at 20% per client/beneficial owner at the outset of the matter in order for us to complete our anti-money laundering checks in compliance with regulatory requirement.
Issuing Proceedings
|
Our Fees |
Stage |
Time Scale |
|
£150-300 plus VAT charged at 20% |
Drafting the Claim Form, calculating interest, including contractually recoverable fees and arranging the issue of proceedings at court. In addition to our fees a fee will also be payable to the court on a sliding scale as set out below and you can claim that from your debtor in addition to a sum of fixed costs as also set out below. Claims up to: Court fee Fixed Costs £300 £35 £50 £500 £50 £50 £1,000 £70 £70 £1,500 £80 £80 £3,000 £115 £80 £5000 £205 £80 £9,999 £455 £100 more than £10,000 5% of the value of the claim more than £200,000 £10,000 |
4-6 weeks |
|
£75 plus VAT charged at 20% |
Applying to the court to enter judgement in default where no acknowledgement of service or defence has been received within the required timescale. Note that at this stage you can claim from your debtor a fixed sum of £22 for Judgments of less than £5,000 or £30 for Judgments of more than £5,000. When judgement in default is received, writing to the debtor to request payment and if payment is not received within X days providing you with advice on the next steps and likely costs. |
2-3 weeks |
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from your debtor.
- The costs set out above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.
Contact our Debt Recovery team for more information.
