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Debt Recovery Pricing

We are able to offer a service to businesses for debt recovery.

The stages and services we offer in acting on such matters include:

  • Taking your instructions and reviewing documentation.
  • Undertaking appropriate searches.
  • Sending a letter before action.
  • Receiving payment and sending on to you, or, if the debt is not paid, drafting and issuing a claim.
  • Where no acknowledgement of service or defence is received, applying to the Court to enter Judgment in default.
  • When Judgment in default is received, write to the other side to request payment. If payment is not received within the days specified, providing you with advice on next steps and likely costs.
  • Enforcement of Judgment debts.

We charge for these services based on an hourly rate which ranges from £150 - £325 depending on the particulars of the case and the level of experience of the person who has conduct of the matter. As our services are bespoke to our clients, the overall cost for these services will depend on various factors. We will provide a quotation for the specific needs of each particular client.

Our Team 

Our Debt Recovery team deals with all forms of commercial and debt recovery matters and provides bespoke debt recovery solutions tailored to meet the needs of each particular client. 

The Team is made up of legally qualified professionals with three years' and above experience and offers "end to end" debt recovery from pre-action letters, court claims to enforcement action and insolvency, including disputed and defended claims. 

We take a pragmatic and commercial approach to debt recovery. Our diverse client base covers a range of different sectors including the financial service sector as well as insurers, pension providers, commercial leasing and equipment suppliers, land owners and managing agents. 

The team is led by David Robinson. David has over 13 years' experience in the debt recovery filed and has undertaken work for a broad range of clients including a raft of commercial clients across many sectors as well as high street banks, building societies and debt purchasers. 

Our fees

Collections and Pre Litigation Proposed Fixed Fee
Letter Before Action (LBA) Between £50 and £250 per letter
Collections commission Between 10% and 25% of all sums recovered.

The fee for the LBA and percentage commission will depend on the nature and age of the debt and any issues that have been raised prior to our instruction.

If no recovery is made following the issue of the LBA then it will be necessary to issue proceedings and obtain a county court judgment. Our costs for issuing proceedings and obtaining will be as follows.

Litigation Proposed Fixed Fee
Issue claim £175
Obtain Judgment in Default £75
Tomlin Order/Settlement Agreement £150

These fees are exclusive of VAT (20%) and disbursements is based on the assumption that the claim is not disputed or defended. If a matter becomes defended/complex we would propose dealing with the matter on an hourly rate basis. The breakdown of our hourly rates are set out in the section below.

In addition to the fees outlined above, if a claim is issued in the County Court or High Court, the following court issue fees will apply:

Claim amount

Up to £300
£300.01 to £500
£500.01 to £1,000
£1,000.01 to £1,500
£1,500.01 to £3,000
£3,000.01 to £5,000
£5,000.01 to £10,000
£10,000.01 to £100,000
£100,000.01 to £200,000
More than £200,000
Fee

£35
£50
£70
£80
£115
£205
£455
5% of the claim
5% of the claim
 

Additional Disbursements

In addition to the court issue fee, you may have to pay additional expenses, known as disbursements.  These might include Barristers fees, Court fees and Expert fees.

Agent's Fee

On occasion we will instruct an enquiry agent, process server, enforcement officers or solicitors agent to undertake specific matters. A quotation will be provided on each occasion. The fees normally range from £80 to £300 in addition to VAT (20%).

Barristers' Fees

In some cases, it may be necessary to instruct a barrister to represent you.  We negotiate the fees of a barrister for you once it has been decided that a barrister needs to be involved in the case.  Barristers' fees will depend on the complexity of the task and the level of their experience and expertise.  Barristers will charge VAT (20%) in addition to any quoted fees.
Such fees can range between £300 for a junior barrister to conduct a short Application and up to £40,000 for a senior barrister who would charge a fee for preparation of a complex or valuable case.

In determining the fee, the factors that will influence the cost of a barrister include:

  • the barrister's seniority, expertise and reputation;
  • their hourly rate;
  • whether or not the opponent is legally represented;
  • where in the country the hearing is taking place;
  • the length of the hearing;
  • the complexity of the issues;
  • the value of the claim or its reputational implications;
  • the volume of documentation involved;
  • the number of witnesses.

Expert Witnesses

On some occasions we may also need the services of an expert witness, for example to provide an opinion upon a specialist area.  The costs of instructing the expert are an example of an expense that you would have to meet in addition to our legal fees.  The expert's costs will vary according to the complexity of the report they are asked to prepare and how involved they become with the case.

The range of fees might start as at little as £300 for a short report or letter, ranging upwards of £5,000 if the expert has to give evidence during Court proceedings.  The figure could be higher if the expert has very specific expertise or is required to be involved in multiple days of the hearing.

Enforcement Action Court fee Our fee
Charging Order (per property) £119 (plus HMLR fees) £350
Writ of Control £71 £75
Warrant of Control/Transfer to High Court £83-£130 £175
Attachment of Earnings £119 £200
Order for Questioning £59 £275

Stage of Bankruptcy Proposed Fixed Fee
Statutory Demand* £225
Bankruptcy Petition** £350
Application For Substituted Service (if required)*** £150
Attend/Prepare for Bankruptcy Hearing**** £150 (for each hearing)

*      includes preparation of the Statutory Demand, to include calculating the interest and late payment fees if any and arranging to have the same served on the debtor.

**     includes preparation of the bankruptcy petition, and arranging to issue the same, receiving the same back issued, and arranging for service on the debtor.

***   includes the preparation of an application should it not be possible to personally serve the debtor and then dealing with the substituted service.

**** instructing an agent/ to attend the hearing of the bankruptcy petition, receiving report and reporting to you.

Disbursements

As with the debt claim you may also have to pay additional expenses, known as disbursements.  These might include Barristers fees, Court fees and Agents Fes. The standard disbursements for a bankruptcy petition are as follows.

 Disbursement Fee
Court fee £302
Process Server (Statutory Demand) £120 plus VAT (20%)
Official Receiver Deposit* £990
Process Server (Bankruptcy Petition) £120 plus VAT (20%)
Agent's Fee for attending hearing** £150 plus VAT (20%)

*      If the petition is withdrawn the deposit is refunded, save for a £50 administration fee.

**     This fee may increase if a more senior advocate/agent/barrister is required to attend the hearing 

Stage of Winding Up Proposed Fixed Fee
Demand on Company £150
Winding up Petition £400
Advertisement of Petition £150
Attend/Prepare for Hearing £150 (for each hearing)

Disbursements
 
Disbursement Fee
Court fee £280
Process Server (Statutory Demand) £150 plus VAT (20%)
Official Receiver Deposit* £1,600
Advertisement Fee £103.60 plus VAT (20%)
Counsel's/Agent's Fee for attending hearing** £250 plus VAT (20%)

* As witth bankruptcy if the petition is withdrawn the deposit is refunded, save for a £50 administration fee.
** This fee may increase if a more senior advocate/agent/barrister is required to attend the hearing 
 

As stated above, when a matter becomes defended or disputed, either before formal proceedings or during a claim, bankruptcy or insolvency, the above pricing structures will not apply.

At each stage of a defended matter we will provide fee estimates for the work that is to be undertaken. Depending on the complexity of the dispute fees can range from £15,000 to £50,000 plus VAT (20%) and disbursements

Solicitor Grade Hourly rate (exc VAT)
Partner £425 to £525
Director £375
Senior Associate £350
Associate £275
Solicitor £225
Trainee Solicitor/Paralegal £125 to 175