Debt Recovery up to £100,000

Debt Recovery up to £100,000

Business to Business Debt Pricing Guidance.

Our pricing for undisputed invoice debt cases where enforcement action is not needed is set out below. If the other party disputes the claim at any point, our debt recovery team is supported by commercial litigation specialists who handle disputed or complex claims and who will advise thoroughly on commercial debt recovery, commercial debts and prospects of recovery. They will provide advice about further costs which may be required on a fixed fee or an hourly rate.

Stage 1

Threatening legal action and demanding payment. Letter before action sent to the debtor threatening County Court or insolvency proceedings.

Debt Owed

Our Fee

Debt owed less than £1,000

£55 plus VAT

Debt owed £1,000 to £10,000

£75 plus VAT

Debt owed £10,000 to £100,000

£150 plus VAT

Stage 2

Issuing of County Court Claim or statutory demand against your debtor.

County Court Claim:

Debt owed

Our fee

Court fee

Less than £1,000

£100 plus VAT

£35 - £70

£1,000 to £10,000

£150 plus VAT

£80 - £455

£10,000 to £100,000

£250 plus VAT

4.5% of claim value

Statutory Demand

Debt owed

Our fee

£750 to £10,000

£200 plus VAT

£10,000 to £100,000

£350 plus VAT

With a County Court claim, once the Court has served the claim a debtor has 14 days in which to file a Defence or enter an acknowledgement. After the expiry of the 14 day period a request can be made to the Court for judgment to be entered provided the debtor has not filed an acknowledgement or a Defence.

 

Request Judgment - our fee £50 plus VAT

 

If there is no payment made following judgment then further action will be required to enforce payment:

1.Application for an Order that the debtor attends Court for questioning

Our fee £250 plus VAT

Court fee £55 plus process servers fee up to £150 plus VAT

 

2.Application for writ of control – High Court bailiff

Our fee £100 plus VAT

If unsuccessful £66 Court fee plus bailiffs fee of £75 plus VAT

If successful £66 Court fee (court and bailiffs fee recoverable from debtor)

 

3.Application for an attachment of earnings order

Our fee £100 plus VAT

Court fee £110

 

4.Application for third party debt order

Our fee £100 plus VAT

Court fee £110

Representation at Court – depends on location

 

5.Application for charging order on debtors property

Our fee £350 plus VAT

Court fee £110

Land Registry fee £40

Representation at Court – depends on location

If bankruptcy proceedings are required following issue of a statutory demand and the matter is determined at the first hearing, there are no issues with regards to service and the debt is not disputed or a County Court judgement has been obtained –

Our fees £750 plus VAT

Process server – up to £150 plus VAT

Court fee - £280

Deposit - £990

Representation at Court – depends on location

Search fee - £11

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