OUR FEES FOR UNDISPUTED DEBTS
Debt recovery through the County Court
We appreciate that the fees involved in debt recovery are important to you. We review our fees on a regular basis, considering client feedback, to ensure that we continue to offer a cost-effective debt recovery service. Our fees for an undisputed business to business debt. We typically work on a fixed fee basis, so that from the outset you know what the fees will be for each stage of the matter.
These costs apply where your claim relates to an unpaid invoice or invoices which are 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 information about costs which might be on a fixed fee or an hourly rate. The fixed fees set out below do not include giving you any advice about your claim.
Initial stage/stage 1
Fixed fee for a business to business (limited company) debt that is undisputed: £115 (excl. vat)
Fixed fee for a business to business (non-limited company per individual) debt that is undisputed: £133 (excl. vat)
Issue Court Proceedings/Stage 2
|Court Fee||Our Fee (incl. VAT)||Total|
Up to £300.00
|£300.01 – £500.00||£50.00||£147.00||£197.00|
|£500.01 – £1,000.00||£70.00||£185.00||£255.00|
|£1,000.01 – £1,500.00||£80.00||£195.00||£275.00|
|£1,500.01 – £3,000.00||£115.00||£225.00||£340.00|
|£3,000.01 – £5,000.00||£205.00||£285.00||£490.00|
|£5,000.01 – £10,000.00||£455.00||£375.00||£830.00|
|£10,000.01 - £200,000.00 5% value of the claim||£435.00|
Judgement in Default/Stage 3:
Filing the necessary form with the court £50.00 plus vat.
Our fees include the following activities:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Sending a letter before action
- Receiving and forwarding payment to you, or if the debt is not paid, drafting and issuing a claim
- Where no acknowledgment of service or defence is received, applying to the court to enter judgement in default
- When judgement in default is received, writing 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 you proceed with a claim, please note other Costs
- The VAT element of our fee cannot be reclaimed from your debtor
- The costs quoted above are not for matters where enforcement action (such as the bailiff) is needed to collect your debt
Disbursements are costs payable to third parties, such as court fees. We handle the payment of disbursements on your behalf to ensure a smoother process but we do require you to pay us for the disbursements in advance.
If the case becomes disputed, there will be an hourly rate ranging from £111.00 -£171.00 (excl. vat) for the work undertaken depending on the level of expertise required. Full details of individuals’ charge out rate are included in the confirmation of instructions that are sent to you following instruction. Cases are charged at an hourly rate on a time recorded basis. It is difficult to estimate how many hours of work will be necessary to complete the matter until the facts of the case are discussed with you. Once we have an accurate assessment of the level of work involved we will provide a costs estimate on an individual basis. If you will be instructing us regularly, or in bulk, please speak to us to discuss to discuss fees further.
Matters usually take 4 to 6 weeks from receipt of your instructions to Judgment being entered.
We understand the importance of effective debt management and the impact this can have. Our experienced team help both individuals and business, whether its a debt claim against them, or in the recovery of debt from another party.
Please do not hesitate to contact a member of our team who will be happy to discuss the various fee options available to you.
GET IN TOUCH
Please call us today, allow us to help you to resolve your issues. All initial calls are free. Please call us now on 0161 5050635 or complete a free online enquiry form and a member of the team will contact you on the number and time provided.
Get in touch
For advice or legal services regarding your situation, contact us now to arrange a free consultation with our team.