Thank you for looking at our Debt Recovery services. Debts can arise in all walks of life and we regularly advise and assist businesses and individuals alike.
With years of experience and strong expertise in litigation both in and out of court, our debt recovery service is fast, efficient and economical.
We can assist you with recovering both disputed and undisputed debts. This page covers our pricing for undisputed debt recovery – please get in touch to find out more about our fee structure for pursuing disputed debts.
We can offer you clear, practical advice and will discuss all the options available to establish the most appropriate way of dealing with debtors. We aim to ensure we can recover undisputed debts quickly, efficiently and cost-effectively, with transparent fixed fees.
We appreciate that the fees involved in debt recovery are important to you. We review our fees on a regular basis, considering client’s feedback, to ensure we continue to offer a cost-effective debt recovery service.
We can work on a fixed fee basis, so that from the outset you know what the fees will be for your transaction. These costs apply for unpaid and undisputed payment of invoice(s). If during the debt recovery process, the matter becomes disputed or enforcement action is required (where you need to appoint a bailiff), we will discuss the change in fees with you and agree a way forward.
When claiming costs from the debtor, it is important to note that, if you are a VAT registered business yourself, the VAT element of any fees cannot be claimed. You can claim interest and compensation and we will advise you of the applicable rates.
Our Fee (incl. VAT)
Up to £5,000
Up to £205
Up to £805
£5,001 - £10,000
£10,001 - £50,000
5 % value of claim
5 X % value of claim
Where a debt is paid prior to court proceedings being drafted or issued our fee will be a proportionate amount of the fees quoted above to reflect the work carried out to date.
Disbursements are costs related to your matter that are payable to third parties, such as court fees or search fees. We handle the payment of the disbursements on your behalf to ensure a smoother process but may require a payment on account of those costs in advance.
If a hearing is required, we would seek to instruct an appropriate barrister to represent you at that hearing. In that event counsel's fees are estimated between £600 to £960 including VAT (depending on experience of the advocate) for attending a Hearing (including preparation).
Our fees are fixed and include items detailed above, however there may be factors which would typically increase the cost of the fees. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.
Factors that may lead to an increase in cost include:
- Debt is, or becomes, disputed
- Enforcement proceedings
- Instructing a Bailiff
A typical debt recovery which requires an application to court will take between 3 and 6 months, from instruction through to payment from the debtor. This may be quicker or longer depending on whether we are required to issue a claim and whether the other side pay promptly on receipt of any Judgment issued by a court. As detailed above, if enforcement action is required, we will discuss the fees and timescales involved.
With every transaction there are key milestones, which may vary according to the individual circumstances of the debt. These milestones may include:
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches (any fees payable will be confirmed to you)
- Issuing a letter before action requesting payment from the debtor
- Receiving payment and sending this on to you
- Drafting and issuing a claim form to the relevant court if the debt is not paid
- Applying to the court to enter a Judgment in Default if the debtor fails to respond to court proceedings
- Contacting the other side to request payment where a Judgment in Default has been issued by the court