Debt Recovery

Debt Recovery can be a relatively simple legal process but that is not always the case. Enforcement of High Court or County Court Judgements can also be tricky if the Defendant appears not to have the means to pay. The hourly rates of the Solicitors in our team are set out below.

Our costs will be time-based unless we agree fixed fees.

Typically our fees for undefended proceedings are as follows:-

Stage 1:-

Business debts:-

To start your debt recovery process, there are two options available to you. Firstly we can send a Letter of Claim to your debtor requesting payment within 7 days. The ‘Letter of Claim’ claims your basic debt together with interest, compensation and your reasonable debt collection costs under the Late Payment of Commercial Debts (Interest) Act 1998.

Cost: £70.00 - £180.00 + VAT

For complex commercial debts, please do not hesitate to contact us for a bespoke quote tailored directly to your requirements.

Individual Debts:-

We can send a Letter Before Action to your debtor requesting payment in 7 days. The Letter Before Action claims your basic debt together with interest.

Cost: £70.00 - £180.00 + VAT

For complex debts, please do not hesitate to contact us for a bespoke quote tailored directly to your requirements.

Stage 2:-

For basic claims, if the Debtor does not settle the debt within the 7 day period, we will issue court proceedings. This includes preparing and filing a court claim form together with full particulars of claim.

Cost: £100.00 - £300.00 + VAT

For complex debts, please do not hesitate to contact us for a bespoke quote tailored directly to your requirements.

For all debts, court fees apply as set out in the table below:-

Claim Value £25 - £300 - Court Fees £35
Claim Value £300 - £500 - Court Fees £50
Claim Value£500 - £1,000 - Court Fees £70
Claim Value £1,000 - £1,500 - Court Fees £80
Claim Value £1,500 - £3,000 - Court Fees £115
Claim Value £3,000 - £5,000 - Court Fees £205
Claim Value £5,000 - £10,000 - Court Fees £455
Claim Value £10,000 - £200,000 - Court Fees 5% of claim (including interest)
Amount claimed over £200,000 - Court Fees £10,000

It should be noted the Courts calculate the issue fee based on the total value of the debt together with any interest claimed. With the inclusion of interest this may push your Court fee into a higher band.

Stage 3:-

1. Undefended Claims:-

Where a Claim is undefended we will apply for Judgement in Default. This means you have a court order which you can enforce to recover your debt.

Costs: £30.00

2. Defended Claims:-

Depending on the nature of the defence by the debtor we will need to provide you with bespoke case management plans and details of costs will need to be agreed with you.

Stage 4:-

The final stage of the debt recovery procedure is to enforce your judgement. Depending on the value of your claim we will need to instruct either Bailiffs or High Court Enforcement Officers.

Action, Bailiff
Judgement Amount, £25 - £5,000
Enforcement Fee, £77.00

Action, High Court Enforcement Officer
Judgement Amount, £5,000+
Enforcement Fee, £66.00

Generally High Court Enforcement Officers will collect their charges from the debtor directly. If however, the High Court Enforcement Officer’s attempts to recover assets are unsuccessful, they can charge an abortive fee of £75.00 plus VAT. Depending upon your instructions we can instruct High Court Enforcement Officers for all debts worth over £600.

Costs: £100.00