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Debt Claims 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 £145 and will be subject to VAT at the standard rate.

All work will be carried out either by Louisa Kearns who is a Legal Clerk with over 15 years’ experience in debt collecting claims or by Jane Marsden who is a Legal Clerk with over 15 years’ experience.

The supervisor of the department is Nick Lambert who is a director and shareholder of Wake Smith who qualified as a solicitor in 1983 and who has specialised entirely in litigation matters ever since.

Pre Issue Correspondence

Our Fees

Stage

Time Scale

£72.50-145 plus VAT

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

£72.50-145 plus VAT

Dealing with pre-issue communications, including receiving payments and sending on to you.

Included within the 2-6 weeks above

Issuing Proceedings

Our Fees

Stage

Time Scale

£145-299 plus VAT

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

4-6 weeks

  £72.50 plus VAT








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 quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Click here to download the table as a PDF.

 

Debt Recovery Team

Jane Marsden
Debt Recovery Administrator

Our Clients Say

Please click on any of the links below to see our client’s testimonials.

Ms K from Rotherham
Mr W from Derbyshire
Mr T from Sheffield

"I should just like to thank you for all your assistance in dealing with the recovery of our money. The information provided and service was of a very good standard."

Ms K from Rotherham

Useful Info

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Contact Us

Get expert legal advice from one of Sheffield’s most respected law firms, Wake Smith Solicitors.

Our team of friendly, professional solicitors in Sheffield can provide support and advice in a wide range of areas for you and your business. Call our Sheffield Solicitors on 0114 266 6660 or fill out the simple form below and we will get back to you as soon as possible. 

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Office Hours:
Monday to Friday
8:30 a.m. – 5:30 p.m.

Sheffield Head Office - City Centre
No1 Velocity
2 Tenter Street
Sheffield
S1 4BY
Tel: 0114 266 6660
Fax: 0114 267 1253
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DX: 10534 Sheffield 1

 

Car park

There is a large public carpark operated by NCP underneath our office building, the entrance to which is located on Solly St.

Disabled Facilities

If you have any special requirements relating to accessibility or disabled facilities please contact John Liversidge on 0114 224 2075 or at john.liversidge@wake-smith.com