This price information is for assistance in relation to the recovery of debts for businesses up to the value of £100,000.00.
We are generally prepared to accept instructions in the following ways:
- 1. A fixed fee
- 2. Payment of fees, subject to our standard hourly rates
- 3. A damages based agreement
Please contact the office to discuss your specific case. However, the following information is a general guide.
Legal Fees and disbursements (Disbursements are costs related to your matter that are payable to third parties).
Court Fee (disbursement)
Our legal fee
Up to £10,000.00
Between £70 and £455.00
Between £1,000 and £2,500.00 plus VAT
£10,001 to £50,000.00
5 % value of the claim
Between £2,500 and £5,000.00 plus VAT
£50,001.00 to 100,000.00
5 % value of the claim
Between £5,000 and £10,000.00 plus VAT
Please also note the following:
The VAT element of our fee cannot be reclaimed from your debtor.
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.
What services does this fee include:
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, write to the other side to request payment
If payment is not received, providing you with advice on next steps and likely costs.
Please note that the fees quoted above do not include the costs of enforcing the Judgement.
The experience of the people who may carry out the work for you:
The work will be carried out by Rachael Braide, Solicitor
The typical timescales.
Matters usually take between 4 – 26 weeks 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 Judgement in default.
If enforcement action is needed, the matter will take longer to resolve.