Debt Recovery
Debt Recovery (up to £100,000)
We charge a fixed fee of £250 for debt recovery of unpaid and undisputed payment of invoice(s) up to £100,000.
When claiming costs from the debtor, you cannot claim the VAT element of any fees. You can claim interest and compensation and we will advise you of the applicable rates.
What’s included:
- We’ll prepare and issue a letter before action.
- If no response is received within 28 days we’ll prepare and issue a summons.
- Judgement can be entered after 14 days if no acknowledgement of service is received.
- Judgement can be entered after 28 days if no defence is received.
Additional costs
If there are likely to be additional costs we will inform you as soon as possible. You may incur additional costs if:
- We need enforcement proceedings
- We need to instruct a Bailiff
You will have to pay the court fees if proceedings are issued. This will depend on the size of your claim and we’ve given you an approximation of those fees below:
Amount Claimed | Court Fees |
Up to £300.00 | £25.00 |
£300.01 to £500.00 | £35.00 |
£500.01 to £1000.00 | £60.00 |
£1000.01 to £1500.00 | £70.00 |
£1500.01 to £3000.00 | £105.00 |
£3000.01 to £5000.00 | £185.00 |
£5000.01 to £10000.00 | £410.00 |
£10000.01 to £100000.00 | 4.5% of the sum claimed |
Time Scales
You can expect debt recovery will take about 2 months, from instruction through to payment. This will be later if we need to obtain a Judgement and whether the other side pays promptly or not.
If enforcement action is required, we will discuss the timescales with you.
Key Milestones
These are the typical steps we’ll take although individual circumstances differ.
- Take your instructions and review documentation.
- Carry out appropriate searches.
- Before action, issue a letter to request payment from the debtor.
- Take payment and forward on to you.
- Draft and issue a claim form to the relevant court for an unpaid debt.
- Apply to the court to enter a Judgment in Default if the debtor fails to respond to court proceedings.
- Request payment from the debtor where a Judgment in Default has been issued by the court.
