Debt Recovery Prices

These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

For sending an initial letter to your debtor (which complies with the debt recovery protocol), our costs would be £250 + VAT.

This fee includes:

• Taking your instructions and reviewing documentation
• Undertaking appropriate searches
• Sending a letter before action
• Receiving payment and sending onto you (if the debt is paid in response to this letter)

If the debtor does not pay in response to the initial letter, our costs would be as follows:

Debt Value	Court Fee	Our Fee ex VAT	Our Fee inc VAT	Total
Up to £10k	£35 - £455 depending on the value of the claim	£700 - £4,000 ex VAT	£840 - £4,800 inc VAT	£875 - £5,255
£10k +	5% of the value of the claim	£700 - £4,000 ex VA	£840 - £4,800 inc VAT	POA dependent on the value of the claim

This fee includes:

• Drafting and issuing claim
• Where no Acknowledgement of Service or Defence is received, applying to the court to enter Judgement in default
• When Judgement in default in received, write to the other side to request payment
• If payment is not received within X days, providing you with advice on next steps and likely costs

The fee does not include:

• Barrister’s fees, if a hearing is required.

Matters usually take 3 – 4 weeks from receipt of instructions from you to receipt of payment from the other side, provided it is not necessary to issue a claim. If the matter needs to proceed to court, this will normally take anywhere from 12 to 52 weeks, depending on whether the case is defended and a fully contested hearing is required. If matter is particularly complicated, enforcement action is needed or the matter needs to be allocated to the multi-track in the court system, the matter may take longer to resolve.

Anyone wishing to proceed with a claim should note that:

• The VAT element of our fee cannot be reclaimed from your debtor.
• Interest and compensation may take the debt into a higher banding, with a higher cost.
• The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.