Information of Pricing

Debt Recovery: For a business to business debt that is undisputed

 

Court Claims

 

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, which could be on a fixed fee (e.g. if a one-off letter is required), or an hourly rate if more extensive work is needed.

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor.

  • Interest and compensation may take the debt into a higher banding, with a higher cost.

  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

 

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. There will be an additional disbursement payable of

  • When Judgement in default in received, write to the other side to request payment

  • If payment is not received within X days, providing you with advice on next steps and likely costs

 

Matters usually take 10 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. This time estimate will increase if there is any delay in the court processing the documentation.

Debt Value

Court Fee

Our Fee (Incl. VAT)

Total

Up to £5,000

£5,001 - £10,000

£10,001 - £50,000

£35 - £205

£455

5% value of the claim

£400 + £80 (VAT)

£500 + £100 (VAT)

£600 + £120 (VAT)

£515 - £685

£1055

£720 + Court Fee

3 Market Place, Bedlington  NE22 5TN

 

Tel: 01670 536 270

Fax: 01670 457 415

 

DX 62706 Bedlington

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