Debt Recovery for Companies – up to £10,000

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.

All our fees mentioned are exclusive of VAT.

When providing a quote for our fees for dealing with the recovery of a debt for you, we would prefer to discuss these with you before you instruct us so that we can give you a realistic figure rather than rely on generic figures that may well change when we are aware of the full circumstances.

We will generally be able to give you at least two options.

The first is a fixed fee based on an agreed scope of work. This means that this figure will not change should the scope of the work not be exceeded.

Secondly, we can agree to proceed on the basis of an hourly rate fee, again for an agreed scope of work.

The general hourly rates for members of our team are as follows:
• Partner £ 400
• Solicitor £280

There may also be other options available depending on the circumstances of the case.

We will not proceed with our work until you have agreed the basis on which you wish to proceed. We may split the fees into the different stages of the matter to make it easier for you to understand.

Although every case is unique in terms of the time/work required, the commercial importance of the outcome and willingness of parties to fund litigation, a generic range of costs would be from a simple matter where no proceedings were drafted or issued (£800-£1,200) to factually and evidentially more complex matters where proceedings are issued (£4,000-£10,000).

If proceedings are issued this figure may well change, due to the actions of the other party, and there will also be the associated court fees which may be altered at any time, Details of Court Fees are available using this link:
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/728133/ex50-eng.pdf

What is important is that before legal costs are incurred, our clients understand the variety of charging methods available to them and whether these make pursuing any debt uneconomic.

Our fee includes:
• Taking your instructions and reviewing documentation
• Undertaking appropriate searches
• Sending a letter before action
• Receiving payment and sending onto you, or if the debt is not paid, 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 14 to 28 days, providing you with advice on next steps and likely costs

It is very difficult to estimate a timescale for these types of matters. It could be resolved by a single letter from us to the debtor or it may need Court action. As a very rough guide, matters usually take 2 to 26 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim.

This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.

These are the members of our team dealing with debt recovery work – further details about them can be obtaining by clicking on their name

Simon Beasley is the Team Leader and responsible for supervising the Team Members. Louise Dawson, the Managing Partner, is responsible for overall supervision of the Firm.

Simon Beasley
qualified as a Solicitor in 2009
Soshana Day
qualified as a Solicitor in 2020

 

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