Our Pricing Information - Undefended Debt Claims
STAGE ONE: PRE-ACTION (BEFORE COURT PROCEEDINGS ARE REQUIRED)
Our fees for Pre-Action debt recovery are as follows and include:
- Taking instructions
- Sending an initial letter
- Sending a Pre-Action Protocol letter
- Any negotiations at those stages
Action
Fee (fixed)
Pre-Action Protocol letter
£100 per letter (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant) plus VAT
Disbursements
Disbursements are payments to third parties which we make on your behalf and for which you will be liable.The only disbursement at this stage may include trace agent fees - this is required if the debtor needs to be traced and fees generally range from £35 to £200 plus VAT, subject to the information we have and the location of the debtor.
STAGE TWO: COUNTY COURT PROCEEDINGS
Stage two of a recovery generally involves issuing a claim in the Court and entering Judgment on an admission or in default.
Our fees and disbursements are fixed and are outlined below. Please note that these fees are in addition to stage 1 fees if we were instructed at that stage.
Debt Amount
Court fee (no VAT)
Our fees (plus VAT)
Up to £300
£35
£100 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£300 up to £500
£50
£100 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£500 up to £1,000
£70
£100 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£1,000 up to £1,500
£80
£100 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£1,500 up to £3,000
£115
£100 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£3,000 up to £5,000
£205
£100 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£5,000 up to £10,000
£455
£250 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£10,000 up to £15,000
5% of the claim
£500 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£15,000 up to £50,000
5% of the claim
£500 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
£50,000 up to £200,000
5% of the claim
£500 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
Over £200,000
£10,000
£1,000 (plus 50% of any interest and compensation recovered under the Late Payment of Commercial Debts (Interest) Act, where relevant)
If the debtor decides to defend a claim at this stage, we will advise you of the options available to you at that stage and the likely costs. At that stage, it will be taken out of the debt recovery pricing regime and fees will be charged on an hourly rate basis until such time as there is a Judgment to enforce.
Obtaining Judgment
Debt Amount
Our fee (plus VAT)
£25 to £5,000
£75
£5,000 and above
£100
These costs are based upon the debtor either failing to respond to the claim or admitting liability for the debt and making an offer of payment. In these circumstances, you will be entitled to recover a proportion of your costs subject to an Order of the Court.
The total cost of recovering a debt at this stage is made up of our fees plus any disbursements incurred (court fees). This is in addition to any fees and costs incurred at stage one. Once a claim is issued and served, the defendant has 14 days to respond. If no response is received, then judgment can be entered at that point. If a response is received, then the time frame before Judgment can be entered will depend on the nature of the response from the Defendant.
STAGE THREE: ENFORCEMENT
Enforcement occurs after we have obtained Judgment from the Court. There are various options which are detailed below. We will advise, of course, on the best option to fit your particular circumstances, the nature of the debt and debtor.
Enforcement
Disbursement (no VAT unless stated)
Our fixed fee (plus VAT)
Warrant of Control (for Judgment debts up to £600 in value)
£83
£75
Writ of Control (for Judgment debts over £600)
£71
£75
Order to Obtain Information
£59-119 Court Fee
£85-150 plus VAT to serve Order
£250
Attachment of Earnings
£119
£150
Charging Order (uncontested)
£119 Court fee
£43 Land Registry Fees
£600
Statutory Demand
£85-150 plus VAT to serve Demand
£750
Proof of Debt
None
£150
Third Party Debt Order (uncontested)
£119
£600
Consent Orders
£119
£300
Order for Sale
Detailed assessment to be provided
Detailed assessment to be provided
Bankruptcy Petition
Detailed assessment to be provided
Detailed assessment to be provided
Winding Up Petition
Detailed assessment to be provided
Detailed assessment to be provided
The total cost at stage three is made up of our fees (plus VAT) and the relevant disbursements. This is in addition to costs incurred for stages one and two if relevant.
Q. How long will my matter take?
Where a case is not defended and progresses through stages 1 to 3 above, the timescale for recovery will depend on the enforcement action taken and can take between 8-24 months to complete, sometimes longer depending on the debtor’s ability to pay.
We will provide you with a more specific timescale, and prospects of recovery, on a case-by-case basis.
For expert legal advice, get in touch with our specialists to discuss your legal requirements.
GET IN TOUCH
A fresh approach focused on fairness
