Services and Pricing
The charges set out below apply in respect of business debts up to £100,000 that are not disputed:
PRE LEGAL COLLECTIONS
Our pre legal service is provided on a ‘no collect – no fee’ basis.
The collections process includes receipt of your instructions, written demand for payment and follow up telephone calls, e-mails and letters as necessary.
We will charge you commission on all sums recovered. Please insert the value of debt to be recovered in the box below in order to obtain a quote for our charges:
The charges set out below apply in respect of County Court proceedings where the debtor is in England & Wales. Where the debtor resides it Scotland or Northern Ireland it may be possible, if the contract allows, to commence proceedings for recovery through the English Courts however we will need to discuss this in further detail with you before providing details of our charges and those of any agents we may need to engage.
If we are instructed to pursue recovery of a debt by the issue of County Court proceedings we will charge you an instruction fee based on the value of the principal debt due. This fee is not recoverable from the debtor but may be offset by interest and any late payment compensation received from the debtor.
To obtain an estimate of our instruction fee please insert the value of the debt below:
In addition to our charges above please note:
There are three stages to an uncontested County Court action – issue of proceedings, judgment and enforcement. As a debtor may make payment at any time claims may not always proceed to the next stage.
At each stage and in addition to the instruction fee referred to above we will charge you solicitors’ costs together with any fees payable to the Court. The solicitors’ costs and Court fee are fixed by the Court and both are recoverable from the debtor.
Matters usually take approximately 12 weeks from receipt of instructions from you to receipt of payment from the debtor, depending on whether or not it is necessary to issue a claim. This is on the basis that the debtor pays promptly on receipt of Judgment. If enforcement action is needed, the matter will take longer to resolve.
Further information in relation to the Court fee and solicitors’ costs payable for each stage (in addition to our instruction fee) can be found below.
Issue of Proceedings:
Our charges cover all routine correspondence and attendances necessary to resolve an uncontested claim without making a request for Judgment. If the debtor disputes your claim at any point or we are required to conduct prolonged negotiations or protracted correspondence we will discuss the further work required with you and provide you with revised advice about our charges which will be on an hourly rate.
|Value of Debt||Court Fee||Our charges|
|£10,000.01-£100,000.00||4.5% of the value of the claim (including interest)||£100.00|
Our charge for processing your claim to the Judgment stage will depend upon how the debtor responds to service of the Claim Form. If the debtor ignores the proceedings then Judgment will be entered in default. If they make an admission and you accept the offer proposed then Judgment will be entered on the admission. If you object to the rate of payment and the Court has to decide the rate then Judgment is dealt with by determination.
|Value of Debt||Default||Acceptance||Determination|
|Up to £5,000.00||£22.00||£40.00||£55.00|
If the debtor fails to make payment following the entry of judgment the most common method of enforcement adopted is execution upon the debtor’s goods by the Court Bailiff or a High Court Enforcement Officer (previously known as a Sheriff’s Officer)
|Debt||Court Fee||Solicitors Costs||Total||Recoverable|
|£600.01 and above||£66.00||£101.75||£167.75||£117.75|
If an execution above £600.00 proves unsuccessful you will also be charged the High Court Enforcement Officer’s abortive fee, normally £75.00 + VAT, which is irrecoverable.
The sums referred to above are sufficient to cover the work required in straightforward cases. If there are difficulties serving the debtor or we become involved in prolonged negotiations or protracted correspondence then you will be charged on an hourly basis appropriate to the person dealing with the matter. We will notify you of this in advance of incurring such charges.
If execution of the Judgment is inappropriate or it is necessary to take additional enforcement action we will discuss the alternative methods of enforcement with you and provide you with an estimate of the additional costs. Alternative methods of enforcement include a Charging Order, Third Party Debt Order, Attachment of Earnings Order and an Order to obtain information. In most cases we can apply to the Court for an order for costs (part or all), which are then recoverable from the debtor.
If the debt is not in dispute it may be appropriate to use the provisions of the Insolvency Act as a means of recovery.
This initial stage involves the issue of a Formal or Statutory Demand the cost of which is not recoverable from the debtor though may be offset by interest and any late payment compensation recovered from the debtor.
In cases where we petition for either Bankruptcy or Winding Up, the majority of costs, if not all, are recoverable where the debtor is willing and able to pay or there are sufficient assets on bankruptcy/winding up.
We will need to discuss with you the circumstances in which the use of Insolvency Procedures may be appropriate before providing details of our charges and the associated disbursements and Court fees.
Who would be looking after you ?
Your file would be handled by one of highly experienced solicitors who along with the team, would handle your case from start to finish.
If you would like to know more about the people in the team, have a look:
Or meet the rest of the team here.