Information about our Debt Recovery costs
Our fees in bold below do not include VAT at 20% or disbursements
|
Before proceedings |
Our fee |
|
Letter before action (7 day letter) – company debtor fee to include receiving your instructions, perusing your paperwork, writing to debtor, having one telephone discussion or receiving one letter or email and reporting to you |
£50.00 |
|
Letter before action (30 day letter) – individual debtor fee to include receiving your instructions, perusing your paperwork, writing to debtor, having one telephone discussion or receiving one letter or email and reporting to you |
£50.00 |
|
Letter before action claiming interest in addition to the debt fee in addition to the fee above for:- calculating and claiming interest pursuant to your contractual terms to include receiving and perusing your Terms of Business or calculating and claiming interest and compensation for late payment pursuant to the Late Payment Act |
£100.00 |
|
Follow-up letter (where debtor only makes a part-payment) fee for writing letter to debtor applying for balance and reporting to you |
£10.00 |
|
Administration fee (per payment processed) for debtors cheques or bank transfers or standing orders and reimbursing you |
£10.00 |
|
Commencing proceedings |
||||
|
fee to include calculating interest, preparing Claim Form, sending to Court for issue, receiving Notice of Issue from the Court, advising you of your debtors time limits for responding |
||||
|
Amount of claim |
Court fee (recoverable) |
Our fee (recoverable) |
Our fee (non-recoverable) |
Our fee |
|
Between £35.01 and £300 |
£35.00 |
£50.00 |
£25.00 |
£75.00 |
|
Between £300.01 and £500 |
£50.00 |
£50.00 |
£25.00 |
£75.00 |
|
Between £500.01 and £1,000 |
£70.00 |
£70.00 |
£35.00 |
£105.00 |
|
Between £1,000.01 and £1,500 |
£80.00 |
£80.00 |
£40.00 |
£120.00 |
|
Between £1,500.01 and £3,000 |
£115.00 |
£80.00 |
£40.00 |
£120.00 |
|
Between £3,000.01 and £5,000 |
£205.00 |
£80.00 |
£40.00 |
£120.00 |
|
Between £5,000.01 and £10,000 |
£455.00 |
£100.00 |
£50.00 |
£150.00 |
|
Between £10,000.01 and £50,000 |
TBA = 5% of claim + interest |
TBA |
TBA |
TBA |
|
Over £50,000.00 |
TBA = 5% of claim + interest |
TBA |
TBA |
TBA |
|
Obtaining Judgment (where debtor ignores the Claim Form) fee to include calculating interest, preparing Judgment request form, sending to Court and receiving sealed copy Judgment |
||||
|
Amount of claim |
Court Fee (recoverable) |
Our fee (recoverable) |
Our fee (non-recoverable) |
Our fee |
|
Between £25.01 and £5,000 |
£0.00 |
£22.00 |
£0.00 |
£22.00 |
|
Above £5,000 |
£0.00 |
£30.00 |
£0.00 |
£30.00 |
|
Obtaining Judgment (where debtor acknowledges the claim form but does not file a defence) fee to include calculating interest, preparing Judgment request form, sending to Court and receiving sealed copy Judgment |
||||
|
Amount of claim |
Court fee (recoverable) |
Our fee (recoverable) |
Our fee (non-recoverable) |
Our fee |
|
Between £25.01 and £5,000 |
£0.00 |
£25.00 |
£0.00 |
£25.00 |
|
Above £5,000 |
£0.00 |
£35.00 |
£0.00 |
£35.00 |
|
Obtaining Judgment (where debtor has replied with offer of payment) fee to include calculating interest, preparing Judgment request form, sending to Court and receiving sealed copy Judgment |
||||
|
Amount of claim |
Court fee (recoverable) |
Our fee (recoverable) |
Our fee (non-recoverable) |
Our fee |
|
Between £25.01 and £5,000 |
£0.00 |
£40.00 |
£0.00 |
£40.00 |
|
Above £5,000 |
£0.00 |
£55.00 |
£0.00 |
£55.00 |
|
Instructing enquiry agents to trace debtor or to provide means report |
Our fee |
|
fee to include detailed letter to agents with all known information about the debtor and his previous addresses, receiving agents report, forwarding copy to you and dealing with settlement of agents charges (our preferred enquiry agents work on a “no success, no fee” basis - trace fee £38 + VAT at 20%; means report £40 + VAT at 20%) |
£30.00 |
|
All other work not covered by the above fixed fees |
Our fee |
|
At applicable hourly rates. Estimates to be provided (in advance whenever possible) Other work includes but is not limited to enforcement; negotiating minor disputes prior to Court proceedings; discussions with debtor; agreeing and monitoring instalments; dealing with Defence; checking ownership of property; printing photographs when available; undertaking Companies House, Insolvency Register and other searches; attending hearings; instructing process servers, Counsel, other solicitors or advocacy agents. |
Hourly rates |