Debt Recovery Fees

Debt Recovery

These are standard charges for straightforward undefended claims, exclusive of VAT. For complex matters, summary judgements, unanticipated hearings or claims defended by the debtor, our usual hourly rates will be charged. However, please discuss the matter with one of our team who will happily supply an estimate of total costs and agree fees for each stage of proceedings if possible.

LETTERS BEFORE ACTION

DEBT of £25 to £500

DEBT of £500.01 to £1,000

DEBT of £1,000.01 to £5,000

DEBT of £5,000.01 to £15,000

DEBT OVER £15,000

Fourteen day letter before court proceedings and follow up calls

£75.00

£75.00

£75.00

£75.00

£75.00

General pre-action correspondence resulting in a recovery of sums owed

5% of recoveries or minimum of £20.00, whichever is greater

5% of recoveries or minimum of £40.00, whichever is greater

5% of recoveries or minimum of £60.00, whichever is greater

5% of recoveries or minimum of £100.00, whichever is greater

5% of recoveries or minimum of £100.00, whichever is greater

LITIGATION

 

 

 

 

 

Preparation and issuing of proceedings

£150.00

£150.00

£200.00

£200.00

£200.00

Default judgment/judgment on admission of debt

£25.00

£25.00

£25.00

£40.00

£50.00

Reviewing defence, advising & completing allocation questionnaire

£45.00

£55.00

£90.00

£110.00

£150.00

 

The following court fees and other expenses may also be payable:

ON COMMENCEMENT OF CLAIMS

 

Up to £300.00

£35.00

£300.01 to £500.00

£50.00

£500.01 to £1,000.00

£70.00

£1,000.01 to £1,500.00

£80.00

£1,500.01 to £3,000.00

£115.00

£3,000.01 to £5,000.00

£205.00

£5,000.01 to £10,000.00

£455.00

£10,000.01 to £200,000

5% of the value of the claim

Over £200,000 or is not limited

£10,000

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