Pricing
Prices
Pre-Court Action
Debt value | Our fee | VAT | Total |
Up to £5,000 | £250 | £50 | £300 |
£5,001 – £10,000 | £350 | £70 | £420 |
£10,001 – £50,000 | £1000 | £200 | £1200 |
£50,001 – £100,000 | £2500 | £500 | £3000 |
Court Action
Debt value | Court fee | Our fee | VAT | Total |
Up to £5,000 | £205 | £500 – £1000 | £100 – £200 | £805 – £1405 |
£5,001 – £10,000 | £455 | £1000 – £2500 | £200 – £500 | £1655 – £3455 |
£10,001 – £200,000 | 5% of the value of the claim | £2500 – £10,000 | £500 – £2,000 | TBC |
More than £200,000 | £10,000 | £10,000 + | £2000 + | £22,000 + |
* Basis of charging = fixed fee |
Work included and key stages
The precise work and stages involved in debt recovery matters vary according to the circumstances. However, we have set out the key stages involved in a typical claim:
- Taking your instructions and reviewing documentation.
- Undertaking appropriate searches.
- Sending a letter before action.
- Receiving payment and sending on to you, or if the debt is not paid, drafting and issuing a claim.
- Where no Acknowledgement of Service or Defence is received, applying to the court to enter Judgement in default.
- When the judgement in default is received, write to the other side to request payment.
- If the payment is not received, providing you with advice on the next steps and the likely costs.
Services excluded
Our service will not include any of the following:
- Work relating to disclosure
- Work relating to witness evidence
- Work relating to expert reports
- Work relating to preparing for trial
- Work relating or making interim applications
- Expert reports or any other disbursements
Approximate/ average timescales
Debt recovery matters usually take 3 to 12 months from receipt of instructions from you to receipt of payment from the other side depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.
Factors that could increase costs
In some circumstances we may increase our fees to account for additional time, work or skill required to meet your instructions. Examples include:
- If the value of the compensation and interest take the debt in to a higher banding attracting a higher fee.
- If enforcement action is needed such as a bailiff to collect your debt.