We are able to offer a service to small 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.

We charge for these services based on an hourly rate which ranges from £159 - £300 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 how much of these we provide.

We also undertake Bankruptcy Petitions and Winding Up Petitions, and we can offer a fixed fee based upon the nature of the claim. Please contact us with details of the matter so we can provide a no obligation quote in this regard. Our fees are from:

Step: 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.

Fee: £225.00 plus VAT
Process Server to serve the above: £75.00 plus VAT


Step: Preparation of the bankruptcy petition, and arranging to issue the same, receiving the same back issued, and arranging for service on the debtor.

Fee: £350.00 plus VAT
Issue Fee: £280.00
Process server to serve the above: £75.00 plus VAT


Step: Preparation of an application for substituted service (if required).

Fee: £150.00
Court Fee: £255.00
Agent to attend hearing: £125.00 plus VAT (approx.)


​Step: Brief to attend hearing of bankruptcy petition, receiving report and reporting to you

Fee: £150.00 plus VAT
Agent to attend hearing: £125.00 plus VAT (approx.)


In addition, there is a deposit of £990.00 payable to the court as a deposit which, if the petition is withdrawn, is refunded.

Step: Preparation of the demand letter, arranging to send to the registered office, company director and company secretary (if known)​.

Fee: £20.00 plus VAT


Step: Preparation of the winding up petition, and arranging to issue the same, receiving the same back issued, and arranging for service on the debtor

Fee: £350.00 plus VAT
Issue Fee: £280.00
Process server to serve the above: £75.00 plus VAT


Step: Brief to attend hearing of petition, receiving report and reporting to you.

Fee: £150 plus VAT
Agent to attend hearing: £200 plus VAT (approx.)


In addition, there is a deposit of £1600 payable to the court as a deposit which, if the petition is withdrawn, is refunded in part (£1550.00).

 

You may also have to pay some additional expenses, known as disbursements.  These might include Counsel's fees and Court fees.  Once again, these will depend on the complexity of the case and the amounts involved. We will discuss the costs of this with you once we have more information.

The range of prices featured above is an indication of potential price and are not actual prices. We will discuss costs with you on an individual basis and provide you with an estimate once we have further information.

Our Team

Our Debt Recovery Team is made up of legally qualified professionals with 3 years' and above experience. The team is headed by Barry Sharples, a senior solicitor who has over 15 years' experience in dealing with debt recovery matters.

Debt Recovery Team

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