Debt Recovery Pricing
These costs apply where your claim is in relation to an undisputed, unpaid invoice. If the other party raises any dispute/defence to your claim, we will discuss any further work required and provide you with a revised costs estimate, which may be calculated on an hourly basis.
County Court Proceedings:
| Debt Value | Court Fee | Our Fee |
| Up to £5,000 | £35 – £205 | £700 – £1000 plus VAT |
| £5,000 – £10,000 | £455 | £1000 – £1,750 plus VAT |
| £10,001 – £50,000 | 5% of the value of the claim | £3000 – £4,500 plus VAT |
| Above £50,000 | 5% of the value of the claim | £6000 – £8,000 plus VAT |
Insolvency Proceedings:
| Debt Value | Disbursements | Our Fee |
| Statutory Demand | Process server fee – £150 plus VAT | £750 plus VAT |
| Creditor’s Bankruptcy Petition (£5,000 – £100,000) |
Court fee – £280 Petition Deposit – £990 Process server fee – £150 plus VAT |
£2,000 – £3,000 plus VAT |
| Creditor’s Winding-Up Petition (£750 – £100,000) |
Court fee – £280 Petition Deposit – £1,600 Process server fee – £150 plus VAT |
£3,000 – £4,000 plus VAT |
Please note that these are estimates of our fees and are not fixed fees. There may also be additional disbursements, which we will discuss with you before incurring.
The hourly rates for our fee earners who undertake debt recovery work are:
Director – £255 plus VAT
Solicitor - £177 plus VAT
Trainee/Paralegal – £126 plus VAT
Please note that:
- The VAT element of our fee may not be reclaimable if you are registered for VAT;
- The above estimates do not include enforcement action following a judgement
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.
The time scale for taking instructions from you to receipt of payment from the other side will depend on several points including whether parties involved are businesses or individuals, recoverability and whether it is necessary to issue a claim. If enforcement action is needed, the matter will take longer to resolve. We will provide you with an estimated time scale at the outset of your instructions.
