Pricing Guidance: A debt that is undisputed
These costs apply where your claim is in relation to an unpaid invoice(s) which is/are not disputed and is paid at any time before or upon us obtaining Judgment in default on your behalf.
|Debt value||Court fee||Our fee||Total|
|Up to £300||£35||£100+VAT (£120)||£155|
|£1,501- £3,000||£115||£350+VAT (£420)||£535|
|£5,001 - £10,000||£455||£500+VAT (£600)||£995|
|£10,001-£15,000||5% of value of claim||£500+VAT (£600)||£600 + Court Fee|
|£15,001-£50,000||5% of value of claim||£550+VAT (£660)||£660 + Court Fee|
|£50,001-£100,000||5% of value of claim||£600+VAT (£720)||£720 + Court Fee|
If you proceed with your claim, you should note that:
- The VAT element of our fee cannot be reclaimed from the debtor/defendant.
- Not all of our fee can be reclaimed from the debtor. Only between £50 - £100 of our fee can be reclaimed for issuing your claim and £22-£70 for entering Judgment in default. The exact amount will depend on the value of your claim (see below ‘recoverable costs’).
- Interest at 8% may be claimed,
- Compensation (if claimable) under Late Payment of Commercial Debts (interest) Act 1998 may be claimed.
- The costs quoted above do not cover enforcement action required to collect payment of your debt. We can provide you with a cost estimate for enforcement action should this be required and this will depend on the action taken.
Services included within our fee
- Taking your instructions and reviewing documentation.
- Sending a Letter Before Claim to the debtor/defendant requesting payment and threatening court action.
- Receiving payment and sending onto you,
- If the debt is not paid, drafting and issuing a claim form for court proceedings to be issued.
- Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default.
- When Judgement in default is received, write to the debtor to request payment.
- If payment is not received, provide you with advice on the steps for enforcement action.
Disbursements are costs related to your matter that are payable to third parties. These can include:
- Court fees (as set out above);
- Registry Trust Judgment searches;
- Insolvency Searches;
- Property searches;
- Company searches;
- Individual searches for an individual’s financial background;
- Barrister’s fees – if a barrister is instructed in your matter, for example to deal with a hearing, we will ask the barrister to provide a fee estimate prior to work being performed on your behalf at each stage of the process that they are involved in. A barrister will charge on an hourly basis and hourly rates will depend on the level of experience required for your case. A barrister’s fees will not be incurred until you have agreed them in the first instance.
We handle the payment of disbursements on your behalf to ensure a smoother process. However, please note that we may ask you to pay these in advance although we will tell you what these are before you incur them because we use a variety of different providers for these services whose charging scales may vary from time to time
Although we will charge you our fee as set out above, the sums that you will be able to recover from the debtor for the work we carry out up to and including obtaining a Judgment in default are as follows:
|Fixed costs for issuing and serving a claim|
|Relevant band||Where the claim form is served by the court or by any method other than personal service by the claimant||Where –
||Where there is more than one defendant, for each additional defendant personally served at separate addresses by the claimant|
|Fixed Costs on Entering Judgment in a claim|
|Where the amount of the judgment exceeds £25 but does not exceed £5,000||Where the amount of the judgment exceeds £5,000|
|Where judgment in default of an acknowledgment of service; or||£22||£30|
|Where judgment in default of a defence is entered; or||£25||£35|
|Where judgment is entered for judgment on admission or judgment on admission of part of claim and claimant accepts the defendant’s proposal as to the manner of payment; or||£40||£55|
|Where judgment is entered for judgment on admission or judgment on admission of part of claim and court decides the date or time of payment||£55||£70|
Matters usually take 14-21 days from receipt of your full instructions and documentation to receipt of payment from the debtor, if it is not necessary to issue a claim. This is on the basis that the debtor/defendant pays promptly on receipt of a Letter off Claim.
If court proceedings are necessary, it usually takes 6-8 weeks to obtain a Judgment in default.
If enforcement action is needed, the matter will take longer to resolve.
The timescales provided will depend on the speed at which the court can deal with your claim.
If the debtor/defendant disputes your claim at any point in your instructions and before Judgment in default is obtained, we will discuss any further work required and provide you with revised advice about costs, which will be in addition to our fee above and would be charged on an hourly rate basis. Depending on the nature of the issues that are disputed, we will determine the value of any further work required.
Our Lawyer has 18 years post-qualification experience and charges an hourly rate of £225.00 plus VAT. We will discuss the appropriate hourly rate with you applicable to your case.
Have a question or need some help? Call us today on 023 8064 4822