Prices and Services

Debt recovery (up to £100,000)

These costs apply where your claim is in relation to an unpaid invoice 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, which could be on a fixed fee (e.g. if a one-off letter is required), or an hourly rate if more extensive work is needed.

County Court Proceedings:

Debt Value Court fee Our fee
Up to £5,000 £35 – £205 £480 – £900 plus VAT
£5,001 – £10,000 £455 £900 – £1,800 plus VAT
£10,000 – £50,000 5% of the value of the claim £3,000 – £4,800 plus VAT
£50,000 – £100,000 5% of the value of the claim £3,000 – £6,000 plus VAT

Insolvency Proceedings:

Debt Value Disbursements Our fee
Statutory Demand Process server fee – £150 plus VAT £600 – £1,200 plus VAT
Creditor’s Bankruptcy Petition

(£5,000 – £100,000)

 

Court fee – £302 Petition Deposit – £1,500

Process server fee – £150 plus VAT

£3,600 – £7,200 plus VAT
Creditor’s Winding-Up Petition

(£750 – £100,000)

Court fee – £302 Petition Deposit – £2,600

Process server fee – £150 plus VAT

£4,800 – £8,400 plus VAT

Please note that our fees as documented above are estimates only, these are not fixed fees. There may also be additional disbursements which may need to be incurred depending on the circumstances.

The hourly rates for our fee earners who undertake debt recovery work are:

  • Director – £265 plus VAT;
  • Associate Director – £230 plus VAT;
  • Associate Solicitor – £210 plus VAT;
  • Solicitor – from £160.00 plus VAT;
  • Trainee Solicitor – £135 plus VAT.

All work will be undertaken by or supervised by a Director with over 8 years post qualification experience.

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 are not for matters where enforcement action is required to recover your debt (for example, instructing an enforcement officer under a High Court Writ).

Our fees include:

County Court Proceedings

  • 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, writing to the Debtor to request payment;
  • Providing you with advice on the enforcement options available to you and an estimate of the costs involved, if payment of the Judgment debt is not received within a stipulated time period.

Insolvency Proceedings

  • 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 serving a Statutory Demand;
  • Where no payment is made following service of a Statutory Demand, drafting of a Bankruptcy Petition or Winding-Up Petition and arranging service of the same;
  • Preparing for and attending the hearing of the Petition.

We will discuss with you the likely timescales that will apply to your specific matter but as a general guide, contested proceedings can take anywhere between 6-24 months to be resolved, and sometimes longer in the event that enforcement action is required