Debt Recovery – Range of Fixed Fees

The Solicitors Regulation Authority (SRA) launched new Transparency Rules in December 2018 with the aim to ensure that people have accurate and relevant information about a solicitor or firm when they are considering purchasing legal services to assist consumers and businesses in making informed choices.  More information about the Transparency Rules can be found on the SRA website.

Each case is different.  Please email us or call 01202 525 333 and we will give you an estimate or fixed fee based on the circumstances of your individual case.

Our Charges, Key Stages and Services Provided

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.  In the event that a matter became more complicated than initially anticipated we would charge additional fees on a time spent basis of £175 plus VAT* per hour.

*Please note we will charge VAT on top of our costs for the work we carry out for you.  VAT is currently charged at 20%

*Please note we will charge VAT on top of our costs for the work we carry out for you.  VAT is currently charged at 20%.

Our charges 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 within X days, providing you with advice on next steps and likely costs.

Factors that could make a claim more complicated

Anyone wishing to proceed with a claim should note that:

• 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.
• If the matter becomes contested at any point will increase our charges, which we will discuss with you.

How long will my matter take?

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.

If you would like to discuss a debt recovery matter please contact the team, you can email us or call 01202 525 333.

Anti-Money Laundering 

To comply with anti-money laundering and counter terrorist financing requirements, we are required to ask you for proof of your identity and will conduct searches or enquiries for this purpose. Alongside this we may require details on source of funds.

To make this process easier for you we will use our third-party digital ID checking service provided by InfoTrack. We will charge you for undertaking these identification and verification checks as a cost. We do not make a profit on these checks. The cost of the check is £9.17 plus VAT per individual being checked and £4 plus VAT for Verification of funds if required.