Debt Recovery Costs

Our Fixed Fee Charges For Undisputed Claims

Stage 1 – Letter of Claim

Up to £50 + VAT depending on the value of the debt.

Our letters of claim will demand payment of the outstanding debt within 7 days.

Stage 2 – Issuing a Claim Form

 Debt Court Fee Our Fee
Up to £300 £35 £65 + VAT
Up to £500 £50 £75 +VAT
£500-£1000 £70 £125+VAT
£1,000 – £1,500 £80 £150+VAT
£1,500 –  £3,000 £115 £175 +VAT
£3,000 – £5,000 £205 £200+VAT
£5,000 –  £10,000 £455 £250 +VAT
Over £10,000 5% of the claim £300 +VAT

Timescales: After the Court has issued the claim, the Defendant will have 14 days to file a defence. This will be extended to 28 days if the Defendant files an Acknowledgement of Service indicating an intention to defend the claim.

If a debtor disputes a claim, it ceases to be a debt recovery matter and would have to be dealt with by our commercial litigation team. Our normal hourly rates would then apply. As a result, the cost would be determined by the amount of time spent on dealing with the matter and the relevant hourly rate.

Additional services if necessary

The prices stated below are for our legal fees, please note that related disbursements may also be payable for specific services, such as court or process server fees.

Entering Judgement

  • Up to £10,000 –  £50 +VAT
  • Over £10,000 –  £75 + VAT

An application will be made to enter judgment immediately after the expiration of the time limit permitted for the filing of a defence.

Enforcement of Judgment

  • Warrant of Execution – £75 + VAT*
  • Attachment of Earnings – £175 + VAT*
  • Third Party Debt Order – £275 + VAT*
  • Charging Order over property £500 + VAT*

Anticipated disbursements

  • Court application fees –  £110 (these may be subject to change)
  • Representative’s fees- will depend upon hearing location

Timescale: A typical timescale for enforcing a judgment is 6 – 12 weeks.

Insolvency

Issuing a Statutory Demand –– £195 + VAT*

Anticipated disbursements

  • Process server fees: £125 + VAT

Timescale: Once a statutory demand has been served on the Debtor, the Debtor will have 21 days to make payment.

*Fixed fee includes one attendance at Court and does not include court fees, process server fees, advertisement fees, Official Receiver fees, Land Registry fees, bailiff fees or barrister’s fees.

Please note that If you wish to proceed with a claim the following is relevant:

  • Interest and statutory compensation can push the overall amount owed up and may take the debt into a higher banding (see above) which in turn may incur a higher cost
  • Disbursements such as Court fees will vary depending upon the value of the debt. These are set by the Ministry of Justice
  • fixed fees do not include providing you with advice in relation to your claim and only cover the transactional process.
  • You would not be able to recover the VAT element of our fees from the debtor.

What qualifications do we hold?

For more information click HERE

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To find out more about how we can assist you with your matter, please call on 02477 981545 or Email Us or complete a  Free Online Enquiry.

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VERY COMPETITIVELY PRICED Including fixed fees for your peace of mind