Debt Recovery
The costs below apply to a claim for an outstanding debt 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, calculated at our hourly rate.
| Debt value | Court fee | Our fee (incl. VAT) | Total |
| Up to £10,000 | £35-£455 depending on the value of the claim | £1,500 (Exc VAT) | £1,835 -£2,255 |
| £10,001 – £50,000 | 5% of the value of the claim | £2,000 (Exc VAT) | £2,900.05 – £4,900 |
| £50,001 – £100,000 | 5% value of the claim | £3,000 (Exc VAT) | £6,100.05 – £8,600 |
| £100,001 – £2000,000 | 5% value of the claim | £5,000 (Exc VAT) | £11,000.05 – £16,000 |
| £200,000 and above | £10,000 | 3% of the value of the Claim (Exc VAT) |
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from your debtor.
- Interest and compensation may take the debt into a higher banding, with a higher cost.
- The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.
- The costs quoted above are not for matters relating to bankruptcy of winding up
Our fee includes:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Sending a letter before action
- Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
- Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
- When Judgement in default in received, write to the other side to request payment
- If payment is not received within 14 days, providing you with advice on next steps and likely costs
If the debtor does not reply to the letter of claim and/or fails to make payment, the matter will usually take between 4 – 6 weeks from the date of issue of the claim to obtain a default judgment provided the debtor does not file an acknowledgement of service or 6- 8 weeks if an acknowledgment of service is filed but no defence.
A Full copy of our Terms & Conditions can be viewed here
