Debt Recovery Pricing

 

Our fee structure is completely transparent and we offer various fee structures to suit your business needs. Please advise at the outset how you wish us to calculate our charges, in the absence of which our charges will be calculated on an hourly basis.

 

Option 1 - Fixed Costs

Undefended County Court Proceedings

Pre-Issue

 (Letter before action (plus all steps up to but not including the issue of proceedings)

£50 + VAT

 

Our fees set out below include taking your instructions and reviewing documentation, undertaking appropriate searches, receiving payment and sending onto you or if the debt us not paid, drafting and issuing a claim through to entering a judgment and taking enforcement action.

It is difficult to estimate the length of time it will take to recover your debt. This depends on whether the debtor pays upon receipt of a letter before action (i.e. within a day or 2 of receipt) or whether it is necessary to issue Court proceedings against the debtor.  If Court proceedings are required and a judgment in default received, we would expect you to obtain such a judgment within 6 to 8 weeks of instruction.  If enforcement action is needed, the matter will take longer to resolve.

 

Issuing County Court Proceedings

Our Fixed Fees (Where recovery is made in full before Enforcement proceedings)

Debt

Our Costs (plus VAT)

Costs Recoverable From Debtor

< £500

£60

£50

£501 - £1000

£80

£70

£1,001 - £5,000

£90

£80

£5,001 - £50,000

£110

£100

£50,001 above

£150

£100

 

Court Issue Fee (The Court fee will be recoverable from the Defendant if a recovery is made.)

< £300

£35

£301 - £500

£50

£501 - £1000

£70

£1,001 - £1500

£80

£1501 - £3000

£115

£3001 - £5000

£205

£5001 – £15,000

£455

£15,000 - £50,000

£610

£50,001 - £100,000

£910

£100,001 - £150,000

£1115

£150,001 - £200,000

£1315

 

Entering Judgment

In Default (No response to claim from Defendant)

Debt

Our Costs (+VAT)

Costs Recoverable From Debtor

Under £5,000

£30

£22

Exceeds £5,000

£40

£30

 

Enforcement of a County Court Judgment

Method

Our Costs (+VAT)

Costs Recoverable From Debtor

Court Fee

(recoverable from Debtor)

County Court Bailiff

£55

£2.25

£100

High Court Enforcement

£110

£51.75

£60

Charging Order -  Application / service of all documents + final hearing

£350

£110

£100

Attachment of Earnings

£110

£8.50

£100

Third Party Debt Order

£220

Value under £150 (1/2 amount) / otherwise £98.50

£100

 

 

Option 2 – Success Based Fee

To include Letter Before action plus all steps up to the obtaining of Judgment in the absence of a Defence being filed on recovery / security of debt (plus VAT)

DEBT

Fixed Fee Equivalent to % of debt

Up to £1,000

10%

£1001 - £5,000

9%

£5,001 - £50,000

8%

Over £50,000

To be agreed

 

Under this option, if we do not recover any of the outstanding debt then you do not pay us anything, except disbursements.

NB: Disbursements are payments we pay out on your behalf such as Court fees, company search fees, process servers fees.  We will notify you of disbursements before they are incurred.

If you end the Success Based Fee agreement before the case is won or lost, you are liable to pay our costs at the rate of £100.00 per hour with letters and telephones calls charged at £10.00 each unless they last for ten minutes or longer in which case they will be charged at the appropriate proportion of the hourly rate.  All of these figures attract VAT at the standard rate of 20%

 

Option 3 – Insolvency Proceedings

If you do not wish to issue proceedings in the County Court you may wish to consider Insolvency proceedings. Insolvency proceedings are only appropriate if the debt is not/or is not likely to be contested.  You are likely to incur the following costs:

Insolvency Proceedings

 

Statutory Demand

Winding Up Petition (Company)

Bankruptcy Petition

(Individual)

Legal costs

£200 + VAT

£950 + VAT

£800 + VAT

Court Fee

Nil

£280

£280

Official receiver deposit

Nil

£1600

£990

Process Server’s fees

£100 + VAT

£100.00 + VAT

£100 + VAT

London Gazette Fee

Nil

£79.40 + VAT

Nil

TOTAL

£300 + VAT

£3,235.28 (inc VAT)

£2,350.00 (inc VAT)

 

If the company or individual is not wound up/declared bankrupt then the Official Receiver’s deposit is refundable (except a £50.00 admin charge by the Official Receiver).

We will inform you if any unforeseen extra work becomes necessary.  We will also inform you in writing of the estimated costs of any extra work before incurring extra costs.  We will attempt to agree an amended charge with you.  If we cannot reach agreement we will do no further work and charge you on an hourly basis for the work done to date.

 

Defended County Court Proceedings

Hourly Rate - specified below dependent on the level person with conduct of your case.

Partner/Grade A solicitor

£220

Grade B Solicitor/Legal Executive

£150

Trainee solicitor / Paralegal

£110

 

If proceedings are issued and the case becomes contested our charges will be calculated on a hourly rate basis and the hourly charging rates specified above will apply. A costs estimate will be given at that time. As you will appreciate, most cases are concluded/compromised before Trial. For claims of £10,000 or more we would expect you to recover a substantial proportion of your costs from the Defendant if your claim is successful and you obtain an order for costs.

 

Who will deal with your case:

Asa Cocker – Chartered Legal Executive

His role includes dealing with a wide range of litigated matters such as land, lease, contractual and probate disputes and debt recovery matters.

Asa is a member of CILEx, which is the professional body for Chartered Legal Executives, Legal Practitioners, Paralegals and Apprentices.

 

Aaron Marshall – Solicitor

Aaron is a Solicitor in the Commercial Litigation department and joined the firm in January 2016, having qualified in 2011.

His specialist areas are contractual disputes, insurance disputes, injunctions and professional negligence matters. He is highly experienced in dealing with all levels of debt recovery matters from small debt claims to complex commercial matters, with a keen focus on the client’s needs and objectives.

Aaron also has extensive experience in dealing with business rates cases, having acted on behalf of a number of local authorities. Where matters proceed through Court, he ably guides his clients through the process as quickly and cost effectively as possible.

He graduated from Edinburgh University having studied for a geography degree and then obtained a law degree from Nottingham Law School.

 

Christopher Burke – Partner.

Your matter will be supervised by Christopher Burke who has over 25 years experience of advising on and resolving clients' disputes. Chris is known for his pragmatic and down-to-earth approach. In each case, he takes the time to understand the issues and his client's needs and focuses on achieving a cost-effective result by using the most appropriate methods – be they negotiation, court proceedings or ADR.