Debt Recovery Fees

These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed.

Debt Value Court Fee Our fee (incl VAT) *Other anticipated disbursements
< £5,000.00 £50 - £205 £450.00 - £650.00 -
£5,000.01 - £10,000.00 £455 £450.00 - £650.00 -
£10,000.01 - £50,000.00 5% of claim value £550.00 - £750.00 -
£50,000.01 - £100,000.00 5% of claim value £550.00 - £750.00 -

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor where you are VAT registered.
  • Interest and compensation may take the debt into a higher banding, with a higher cost.
  • The price estimates are on the assumption that the debt is not disputed, that the business debtor is traceable and domiciled in England and Wales, and that there is no counterclaim by the debtor.
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt. For enforcement costs, please see below.
  • Limited fixed costs are recoverable from the debtor.

Our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment and sending onto you.
  • If the debt if not paid, providing you with advice and likely costs of issuing court proceedings.

Matters usually take 4 – 8 weeks from receipt of instructions from you to receipt of payment from the other side. If court proceedings are required, the matter may take significantly longer, and a revised time estimate will be provided if proceedings are necessary.

1. - Disbursements are costs of a third party that are incurred on your behalf e.g. Court fees and barristers’ fees. If we have to incur these fees, we will request a payment on account from you to cover them.

These costs apply in relation to a debt which is disputed/ contested, and court proceedings are necessary. The costs below outline an estimate to a final hearing (trial) to determine the dispute, therefore if settlement is achieved during the course of the proceedings the costs may be less.

Debt Value Court Fee Our fee (incl VAT) *Other anticipated disbursements
< £5,000.00 £50 - £205 £2,750.00 - £3750.00 Hearing fee: £35 - £335.00 (depending on value of claim)
£5,000.01 - £10,000.00 £455 £2,750.00 - £3,750.00 Hearing fee: £35 - £335.00 (depending on value of claim)
£10,000.01 - £25,000.00 (if the claim is allocated to the fast track) 5% of claim value £6,000.00 – £15,000.00 Hearing fee: £545.00

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor where you are VAT registered.
  • Interest and compensation may take the debt into a higher banding, with a higher cost.
  • The price estimates are on the assumption that the debtor is domiciled in England & Wales, that the claim is allocated to the fast track (usually for claims up to £25,000.00) there are no applications (e.g. for further disclosure) made by either party, that there are no more than two witnesses per party, and that the trial is listed for no longer than 1 day.  
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt (see below for enforcement costs).
  • Any claim up to a value of £10,000 is classified as a small claim and any legal fees you incur are not recoverable from the debtor apart from limited fixed costs (and Court fees).
  • Where the claim is between £10,000.00 and £25,000.00 the claim is usually allocated to the fast track and the estimate above is based on this assumption. The fast track is for claims of this value, with trials that are no longer than one day. The costs are increased as there is a lot more work involved in a fast track matter.
  • If you are successful in a fast track claim, the usual position is that you recover your legal costs from the losing party. It is important to note that you will not recover 100% of your costs, as they are assessed by the court who will only award costs which they deem reasonable and proportionate.
  • Sometimes, the conduct of the other party can make litigation extremely difficult and prolonged. This may result in an increase in costs and we will endeavour to provide revised costs estimates as soon as it looks as though the estimates may be exceeded.

Our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Reviewing a response to the letter before action;
  • Preparing Claim Form and Particulars of Claim and agreeing the same with you;
  • Issuing the claim;
  • Considering and advising you on any Defence files, or the next steps if a Defence is not filed.
  • Preparation for and attendance at any case management hearings;
  • Preparation of list of disclosure & consideration of documents from both you and the Defendant.
  • Taking detailed instructions from any witnesses and drafting witness statements. Agreeing the statements with all witnesses.
  • Considering the contents of the Defendant’s witness statement and advising you accordingly.
  • Preparation for and attendance at a final hearing (assuming the trial is no longer than 1 day).

Matters usually take between 12 – 18 months before a final hearing is listed. There are occasions that the timeframe becomes protracted if any applications (e.g. for disclosure or expert evidence) are made by either party. Any applications also increase the costs; therefore, a revised estimate shall be provided in the event an application is made (either on our advice or by the Defendant).

In these matters, we may advise you to instruct a barrister to represent you at the final hearing. We will obtain a quote for the barrister and agree this with you before confirming any instruction.

 

Debt Value Court Fee Our fee (incl VAT) *Other anticipated disbursements
£25,000.01 - £100,000.00 5% of the claim value £12,500.00 - £27,050.00 Hearing fee: £1,090.00

These costs apply in relation to a debt of over £25,000.00 which is disputed/ contested, and court proceedings are necessary. The costs below outline an estimate to a final hearing (trial) to determine the dispute, therefore if settlement is achieved during the course of the proceedings the costs may be less.

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor where you are VAT registered.
  • Interest and compensation may take the debt into a higher banding, with a higher cost.
  • The price estimates are on the assumption that the debtor is domiciled in England & Wales, that the claim is allocated to the multi-track (usually for claims over £25,000.00) there are no applications (e.g. for further disclosure) made by either party, that there are no more than two witnesses per party, and that the trial is listed for no longer than 2 days. If a trial is listed for over 2 days, we will provide you with revised fees for preparation and attendance.
  • In cases which are high value and/or complex, we are likely to advise you that we should instruct a barrister to assist with some of the work and to represent you at a final hearing. These costs will be in addition to those outlined above, and we will always provide a quotation for the barrister and obtain your approval before they are instructed.
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt (please see below for enforcement costs).
  • If you are successful in a multi-track claim, the usual position is that you recover your legal costs from the losing party. It is important to note that you will not recover 100% of your costs, as they are assessed by the court who will only award costs which they deem reasonable and proportionate.

Our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Reviewing a response to the letter before action;
  • Preparing Claim Form and Particulars of Claim and agreeing the same with you;
  • Issuing the claim;
  • Considering and advising you on any Defence files, or the next steps if a Defence is not filed.
  • Preparation for and attendance at any case management hearings;
  • Preparing costs budgets (an estimate of costs) and negotiating costs budgets with the Defendant.
  • Preparation of list of disclosure & consideration of documents from both you and the Defendant.
  • Taking detailed instructions from any witnesses and drafting witness statements. Agreeing the statements with all witnesses.
  • Considering the contents of the Defendant’s witness statement and advising you accordingly.

Preparation for and attendance at a final hearing (assuming the trial is no longer than 2 days).

If you obtain a judgment against a Defendant and the Defendant does not pay, you have to consider your enforcement options.

The most common enforcement options are listed below, together with the relevant fees.

Enforcement option Our fees Disbursements
High court enforcement officers £100.00 - £250.00
  • £66 to transfer the Judgment to the High Court
  • 2 £75 plus VAT if the enforcement is unsuccessful
Attachment of earnings £100.00 - £200.00
  • Court fee of £110.00 per Defendant
Charging order £500.00 - £1,000.00
  • 3 £110.00 per application
  • Land registry fees to register the charge dependent on value

*Please note there are other enforcement options, and if any are suitable based on the circumstances on your case, we will advise you accordingly.

2. - If the enforcement is successful and payment is obtained, the high court enforcement officers fees and the court fee are added to the debt to be recovered. If the enforcement is unsuccessful, you will not recover the court fee and you will be liable for the enforcement costs of £75.00 plus VAT.
3. - There will be two application fees. You have to apply for an interim charging order and then a final charging order.

 

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