Debt Recovery Fees

We aim to provide transparency in our fee arrangements with clients.

The amount that we charge can vary depending on a number of factors such as the volume of debts that are placed with us, their complexity, and the nature and method of instruction.

The following is an indication of our fees and disbursements for standard debt recovery work in relation to undisputed invoices for claims up to the value of £100,000 against traceable debtors who are located within England and Wales. For debts that are over £100,000 or where the debtor is outside England and Wales or where you know the debt is disputed please contact us for an individual quote.

1. Pre-Action
Simple letter before action to a company or business – £20 plus VAT

Simple letter before action where the Pre-Action Protocol for debt claims applies – £35 plus VAT

For some types of debt a letter of claim that complies with a particular Pre-Action Protocol must be sent. Our charges for these will be dependent upon the time spent by fee earner involved in accordance with the hourly charge out rates below.

We aim to issue all standard letters before action within 72 hours of receipt of the necessary information.

2. Legal Proceedings

*The court fee 4.5% of claim value (including interest and compensation), is payable in addition to this sum.

Recoverable fees are fixed sums that we can claim from the debtor. We will only charge this category if the sums are recovered from the debtor. Court fees are payable by you but reclaimable from the debtor.

All claims of less than £100,000 are issued at the County Court Bulk Issue Centre. This offers a lower court fee to our clients and is the fastest and most efficient method of issuing.

We aim to issue claims within five working days of receipt of full instructions.

3. Entering Judgment (recoverable costs)

4. Bankruptcy and Winding up Petitions

We will give you a tailor made quotation if you wish to proceed by way of statutory demand, the bankruptcy of an individual or the winding up of a company. Where a debt is undisputed we can advise whether this is appropriate for you.

5. Defended Actions

For defended actions and work that is not covered by our fixed fee arrangement, our charging rates are based upon the number of hours worked and the experience and seniority of the fee earner involved.

• The above rates do not include VAT
• If you are registered for VAT you will not be able to reclaim the VAT from the Defendant
• Where we have to make payments to third parties (disbursements) these will be charged to you in addition to the above rates
• On all defended actions our terms of engagement will be sent to you which give full details of our retainer and charges
• We will endeavour to claim compensation and interest under the Late Payment of Commercial Debts (Interest) Act 1998 where this is possible and appropriate

6. Alternative arrangements

We are happy to discuss with you a tailor made arrangement for you

7. Bulk Issuers

We act for a large number of bulk issuers and are happy to discuss individual rates if that is applicable.