What we will do for you

The Debt Recovery team provides the following services on a fixed fee basis:

  • drafting and sending letters before action
  • issuing claims in the County Court
  • seeking Default Judgments
  • enforcing Judgments

In addition to these services, the Debt Recovery team also undertakes insolvency work for creditors, including the preparation and service of Statutory Demands and Bankruptcy/Winding Up Petitions. The fees charged for these uncontested services are calculated on an hourly rate of £212 plus VAT (£254.40) per hour. Additional expenses (also called disbursements) may also be incurred, such as Court fees, Official Receivers Deposit, process server’s fees etc.

Our Debt Recovery team does not deal with non-invoice claims or claims that become defended. Where a claim becomes defended, it will be passed to our Dispute Resolution lawyers who will agree a fees estimate with our clients, usually based on their hourly rates which currently range between £212 plus VAT (£254.40) and £399 plus VAT (£478.80) depending on the experience and expertise of our lawyers.

Our team

The Debt Recovery team sits within the Commercial Dispute Resolution department which is headed up by Simon Elcock, Head of Regional Dispute Resolution, so allowing a seamless transition into our commercial contentious team for our clients where matters become defended, which will happen from time to time. Oliver Jackson, a Partner in the Commercial Dispute Resolution department, supervises the Debt Recovery team and the work it undertakes day to day.

How long will it take?

The Debt Recovery team aims to action instructions within 2-3 business days.

Unless it is necessary to issue Court proceedings, we estimate that matters will usually take between 2-6 weeks from receipt of instructions to receipt of payment from the other side, depending on whether the debtor is an individual or not and provided payment is received promptly.

If Court proceedings are issued and it is possible to obtain Judgment in default (because no acknowledgment of service is filed or because no defence has been filed), then we would estimate that matters will usually take 10-14 weeks from receipt of instructions to receipt of payment, depending on whether the debtor is an individual or not, provided payment is received promptly and no enforcement action is necessary.

How much will it cost?

The following table sets out the fixed fee services offered by our Debt Recovery team. In all cases, our fixed fees include:

  • taking our clients’ instructions
  • receiving payment and sending it on to our clients
  • where payment is not received, providing our clients with advice on next steps

 

Please click here for a downloadable PDF of our pricing on debt recovery.

PRE-ACTION
Confirming status of Defendant business and registered officePrice based on volume
Letter before actionPrice based on volume
ISSUING COURT PROCEEDINGSWhere we recover costs in full before Judgment
DEBT (including any interest and compensation)OUR COSTSCOURT FEEOUR CLIENT RECOVERS
<£300£50 + VAT (£60)£35£50 + Court Fee
£301-500£50 + VAT (£60)£50£50+ Court Fee
£501-1,000£70 + VAT (£84)£70£70 + Court Fee
£1,001-1,500£100 + VAT (£120)£80£80 + Court Fee
£1,501-3,000£100 + VAT (£120)£115£80 + Court Fee
£3,001-5,000£150 + VAT (£180)£205£80 + Court Fee
£5,001-10,000£200 + VAT (£240)£455£100 + Court Fee
£10,001-100,000£300 + VAT (£360)5% value of claim£100 + Court Fee
£100,001-200,000£400 + VAT (£480)5% value of claim£100 + Court Fee
£200,001+£500 + VAT (£600)£10,000£100 + Court Fee
For additional time recorded corresponding with the debtor and our client, in an undisputed case, our client will be charged at £212 plus VAT (£254.40) per hour.
JUDGMENT IN DEFAULT OF ACKNOWLEDGEMENT OR DEFENCEWhere payment is voluntarily paid in full after Judgment
DEBT (including any interest and compensation)OUR COSTSCOURT FEEOUR CLIENT RECOVERS
<£5,000£50 + VAT (£60)£0£22
£5,001+£75 + VAT (£90)£0£30
ENFORCEMENT (after Judgment)
WarrantWhere payment is received in full after Judgment
DEBT (including any interest and compensation)OUR COSTSCOURT FEE
OUR CLIENT RECOVERS
<£600£50 + VAT (£60)£131£131
£601+£100 + VAT (£120)£78£119.75
For additional time recorded corresponding with the debtor and our client, in an undisputed case, our client will be charged at £212 plus VAT (£254.40) per hour.

In the event of an unsuccessful execution, there is also an abortive HCEO fee of £75 plus VAT (£90) per address visited.
OTHER METHODS OF ENFORCEMENTOUR COSTSCOURT FEE
(High or County Court)
Charging Order up to and including first hearing
(excluding disbursements and agent to attend hearing
£800 + VAT (£960)£131
Attachment of Earnings£350 + VAT (£420)£131
Third Party Debt Order up to and including first hearing 
(exluding disburesements and agent to attend hearing)
£600 + VAT (£720)£131
Applications to Obtain Information£400 + VAT (£480)£65
For additional time recorded corresponding with the debtor and our client, in an undisputed case, our client will be charged at £212 plus VAT (£254.40) per hour.