Legal Fees for Debt Recovery
These costs apply where your claim relates to an unpaid invoice which is not disputed, and enforcement action is not required.
If the invoice is disputed, or there are additional documents to review (other than the invoice), our fixed costs will not apply but we will give you an estimate of the likely costs of pursuing the matter on your behalf, with an explanation of those costs.
Our Fixed Fee Charges
Stage 1 – Letter of Claim
£100 NO VAT
Our letters of claim will demand payment of the outstanding debt within 14 days.
Stage 2 – Issuing County Court Claim Form
| Debt | Court Fee (At the prevailing rate – Indication below) | Our Fee |
| Up to £1,500 | £80 | £350 No VAT |
| £1,500 – £3,000 | £115 | £550 No VAT |
| £3,000 – £5,000 | £205 | £650 No VAT |
| £5,000 – £10,000 | £455 | £1000 No VAT |
| Over £10,000 | 5% of the claim | £1600 No VAT |
Timescale: Once the Court has issued the claim, the Defendant shall have a period of 14 days to file a Defence. If the Defendant files an Acknowledgment of Service, indicating an intention to defend the claim, this time limit is extended to 28 days.
Additional services if necessary
The prices stated below are for our legal fees, please note that related disbursements may also be payable for specific services, such as Court or process server fees.
Entering Judgment
- Up to £10,000 – £150 No VAT
- Over £10,000 – £300 No VAT
An application is made to enter judgment immediately following the expiration of the time limit permitted for the filing of a Defence.
Enforcement of Judgment
- Warrant of Execution – £150 No VAT
- Attachment of Earnings – £250 No VAT
- Third Party Debt Order – £350 No VAT
- Charging Order over property – £850 No VAT
Anticipated disbursements
- Court application fees – £110 (Subject to change)
- Representative’s fees- will depend upon hearing location
Timescale: A typical timescale for enforcing a judgment is 12 – 20 weeks.
Insolvency
Issuing a Statutory Demand – Winding Up / Bankruptcy – £500 No VAT
Anticipated disbursements
- Process server fees: £300 plus vat
Timescale: Once a statutory demand has been served upon the Debtor, the Debtor shall have 21 days to make payment.
Bankruptcy Petition – £2000 No VAT
Anticipated disbursements
- Process server fees – £300 plus vat
- Court application fee – £280 (subject to review)
- Official Receiver Deposit – £990 (subject to review)
- Representative’s fees -will depend upon hearing location
Winding Up Petition – £2500 No VAT
Anticipated disbursements
- Process server fees – £300 plus vat
- Court application fee – £280 (subject to review)
- Official Receiver Deposit – £1600 (subject to review)
- Representative’s fees – Will depend upon hearing location
- London Gazette Advertisement -£101.52 plus vat.
A typical timescale for obtaining a bankruptcy order / winding up order is 16 – 25 weeks from the presentation of the petition.
*Fixed fee includes one attendance at Court and does not include court fees, process server fees, advertisement fees, Official Receiver fees, Land Registry fees, bailiff fees or barrister’s fees.
Anyone wishing to proceed with a claim should be aware of the following
- Interest and statutory compensation may take the debt into a higher banding which in turn may incur a higher cost
- Disbursements such as Court fees will vary depending upon the value of the debt.
- Our fixed fees do not include providing you with advice in relation to your claim and merely cover the transactional process.
- The VAT element of our fees cannot be reclaimed from your debtor.
Vat where payable on disbursements will be charged at the prevailing rate, currently 20%.