Debt Recovery Fees

Debt Recovery Costs – Range of Fixed fees

Each case is different. Please email us or call 01202 525333 and we will give you an estimate or fixed fee based on the circumstances of your case.

These costs below apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one-off letter is required), or an hourly rate if more extensive work is needed. Where appropriate, we seek to agree a fixed fee at the outset of the matter. Below we have set out a guide to likely costs based upon the value of the debt.

If a matter became more complicated than initially anticipated we would charge additional fees on a time spent basis of £175.00 plus VAT per hour.

Debt
value
Court fee Our fee (incl. VAT) Total
Up to £5,000.00 £35.00 (minimum)

£205.00 (maximum)

£350.00 (£420.00 incl. VAT)

The total fee above is made up as follows:-

£50.00 to draft a Letter Before Action

£150.00 to draft the Claim Form & Particulars of Claim and issue at
Court

£50.00 to request Judgment be entered by the Court

£50.00 to write to the other side to request payment of the Judgment debt

£50.00 to advise the client on next steps regarding enforcement

£555.00 plus VAT (£666.00 incl. VAT)
£5,001.00 – £10,000.00 £455.00 (max) £700.00 (£840.00 incl. VAT)

The total fee above is made up as follows:-

£150.00 to draft a Letter Before Action

£250.00 to draft the Claim Form & Particulars of Claim and issue at
Court

£100.00 to request Judgment be entered by the Court

£100.00 to write to the other side to request payment of the Judgment
debt

£100.00 to advise the client on next steps regarding enforcement

£1,155.00 plus VAT (£1,386.00 incl. VAT)
£10,001.00 – £50,000.00 5% value of the claim

(£2,500.00 max)

£1,050.00 (£1,260.00 incl. VAT)

The total fee above is made up as follows:-

£250.00 to draft a Letter Before Action

£400.00 to draft the Claim Form & Particulars of Claim and issue at
Court

£100.00 to request Judgment be entered by the Court

£150.00 to write to the other side to request payment of the Judgment debt

£150.00 to advise the client on next steps regarding enforcement

£3,550.00 plus VAT (£4,260.00 incl. VAT)

Our fee includes:

The VAT element of our fee cannot be reclaimed from your debtor. Anyone wishing to proceed with a claim should note that:

  • 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.
  • Taking your instructions and reviewing the 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 within X days, providing you with advice on the next steps and likely costs

Matters usually take 8 – 12 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.

Here to help

Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.

Our offices

Bournemouth
302 Charminster Road Bournemouth Dorset BH8 9RU
01202 525333 Contact
London
Office 320 107 – 111 Fleet Street London EC4A 2AB
02039 784720 Contact
Poole
14a Haven RoadCanford Cliffs, Poole Dorset BH13 7LP
01202 709898 Contact
Ringwood
Monmouth Court Southampton Road, Ringwood Hampshire BH24 1HE
01425 484848 Contact
Swanage
55 High Street Swanage Dorset BH19 2LT
01929 422233 Contact
Wimborne
39a East Street Wimborne Dorset BH21 1DX
01202 057676 Contact