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Debt Recovery Pricing
Thank you for looking at our Debt Recovery services. Debts can arise through various situations and we regularly advise both businesses and individuals alike.
Our debt recovery instructions are received from small and large businesses across various sectors as well as from individuals who may have advanced funds through personal loans or some form of family arrangement. With significant experience and a strong expertise in litigation, we strive to ensure that our debt recovery service is fast, efficient and economical.
We have an experienced team who can assist in recovering both disputed and undisputed debts. This page covers our pricing for undisputed debt recovery – please get in touch to find out more about our fee structure for pursuing disputed debts, which will vary depending upon the individual facts and circumstances. We pride ourselves on exceptional customer care skills to ensure that you send the right message, whilst simultaneously striving to retain the goodwill of your customers when obliged to recover outstanding payments from them.
We can offer you clear, practical advice and will discuss all the options available to establish the most appropriate way of dealing with matters. Our tried and tested processes are used to ensure that undisputed debts are recovered quickly, efficiently and cost-effectively, with transparent fixed fees.
We are proud to hold Lexcel Accreditation, issued by the Law Society. This involves our firm undergoing a rigorous regular audit process to ensure we maintain the highest levels of client care.
We appreciate that the fees involved in debt recovery are important to you. We review our fees on a regular basis, taking into consideration our client’s feedback so that we can ensure we continue to offer a cost-effective debt recovery service.
In undisputed debt matters we can work for you on a fixed fee basis. This means that you will know what the fees will be for your transaction from the outset. If during the debt recovery process the matter becomes disputed or enforcement action is required (for example, where you need to appoint a bailiff), you are informed of any change in the level of our fees.
You can in certain circumstances claim interest and compensation and we will advise you of the applicable interest rates and when compensation might be capable of being claimed, in addition to the debt owed.
|Service||Our Fees (inc VAT)|
|Notice before action letter||£90.00|
|Final notice letter||£60.00|
Claim form and issue:
|Value of claim (inc interest|
Our Fees (inc VAT)
Up to £300
£301 - £500
4.5% to 5% of debt
Application for judgment (in default) £60.00
NB. The above court fees are subject to review by HM Courts and Tribunals Service
Whilst our fees are fixed and include those items detailed above there may be unforeseen factors which could increase fees charged. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and provide you with a clear estimate of any additional fees that might be incurred.
A typical uncontested debt recovery claim will take between 2-12 weeks, from instruction through to Judgment. This may be quicker or longer, depending on whether we are required to issue a claim, how quickly matters are processed through the courts and whether the other side pay promptly on receipt of any Judgment by a court. As indicated above, should enforcement action be required, we will discuss our anticipated fees and the estimated timescales involved.
For more information please call one of our experts on 01233 624545