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Anyone wishing to proceed with a claim should note that:

 

  • VAT is not included in the fees quoted above

  • 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 does not include negotiations with the other side over an instalment plan or collecting payments on your behalf

 

Our fee includes:

 

  • Taking your instructions and reviewing documentation

  • Undertaking any necessary searches

  • Sending a letter of claim

  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim

  • Where no acknowledgement of service or defence is received, applying for judgement in default

  • When judgment is received, writing to the other side demanding payment

  • If payment is not received within 14 days providing you with advice on the next steps available to you

 

Matter usually take approximately 3-4 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 the judgement in default.  If enforcement action is needed, the matter will take longer to resolve.

 

 

Range of fees for a business to business debt that is undisputed

 

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 basis (eg, if a one off letter is required) or an hourly rate if more extensive work is needed.

Up to £5000

 

 

 

 

 

 

£5001 - £10000

 

£10001 - £200000

 

Over £20000

£35.00

£50.00

£70.00

£80.00

£115.00

£205.00

 

£455.00

 

5% of the value of the claim

 

£10000.00

£250.00

£300.00

£350.00

£400.00

£500.00

£750.00

 

£1250.00

 

Hourly rate of £200 - £250

 

Hourly rate of £200 - £250

Up to £300

£300 - £500

£500 - £1000

£1000 - £1500

£1500 - £3000

£3000 - £5000

 

£5000 - £10000

 

 

£285.00

£350.00

£420.00

£480.00

£615.00

£955.00

 

£1705.00

 

TBA

 

TBA

Total (exc VAT)

Our fee (exc VAT)

Court fee - No VAT

Debt Value