Debt Recovery: Price & Service Information
As every case is different, we will discuss pricing with you once we have a clear picture of your needs. Our objective is to give you peace of mind. We aim to offer all our clients choices on pricing so that we can agree a price and a structure which suits you.
Our full pricing policy can be found here.
Every litigation matter is different and therefore, the overall cost will depend on whether the debtor responds to the claim and at what stage payment is made. To give you an indication of the likely cost of a debt recovery claim, we have provided some information below. Please remember that this relates to a typical case as described – your own case may be simpler or more complex.
FAQs
For a claim for unpaid invoices with a value up to £100,000 which is not contested and no enforcement action is required, the costs can be broken down into 3 stages:
Stage 1
- Drafting and sending a Letter Before Claim in accordance with the relevant protocol.
- If relevant, receiving payment and forwarding to you.
Stage 2
- Considering any payment proposal received from the debtor and advising you in relation to your options.
- Corresponding further with the debtor in relation to their payment proposal.
- Seeking to reach an agreement with the debtor on payment terms.
Stage 3
- Advise you in relation to your options.
- Draft court proceedings and obtain your approval of the same.
- Issue the claim with the court and arrange service on the debtor.
- If relevant, receiving payment and forwarding to you.
- Request Judgment be entered on your behalf by the court.
- Once Judgment is received, write to the debtor requesting payment.
- That the debtor is in England and Wales
- That the debtor (if an individual) has mental capacity
- That the debtor is not bankrupt or insolvent
- That your entitlement to the debt is not disputed
If any of the assumptions above are not correct.
- The work required in Stage 1 is likely to cost between £150 to £750 plus VAT.
- The work required in Stage 2 is likely to cost between £200 to £500 plus VAT.
- The work required in Stage 3 is likely to cost between £350 to £1,250 plus VAT.
If proceedings are issued, a court fee] will be payable to the court, which is calculated on a sliding scale as follows:
Up to 300 | £ 35 |
Greater than £300 but no more than £500 | £ 50 |
Greater than £500 but no more than £1,000 | £ 70 |
Greater than £1,000 but no more than £1,500 | £ 80 |
Greater than £1,500 but no more than £3,000 | £115 |
Greater than £3,000 but no more than £5,000 | £205 |
Greater than £5,000 but no more than £10,000 | £455 |
Greater than £10,000 but no more than £200,000 | 5% of the value of the claim |
Greater than £200,000 | £10,000 |
You may be asked to pay other third party disbursements such as trace fees or process server fees.
- The work required in Stage 1 in most cases will be completed in 2-4 weeks.
- The work required in Stage 2 in most cases will be completed in a further 2-4 weeks.
- The work required in Stage 3 in most cases will be completed in an additional 3-8 weeks.
Details of our team and their experience can be found here.
Once we fully understand your needs, we will assign your case to the most appropriate member of our team. All work done by the team is ultimately supervised by the Team Leader or one of the other partners in the team. The lawyers in our team are supported by paralegals and other assistants to ensure that your case is handled efficiently and cost-effectively.