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Ashby de la Zouch

01530 639 031

Tamworth

01827 758 041

Debt Recovery Pricing

 

Debts can arise in all walks of life and we regularly advise and assist businesses and individuals alike.

 

Our Debt recover instructions come from businesses across various sectors. With mind years of experience and strong expertise in litigation both in and out of Court, our debt recovery service is fast, efficient and economical.

 

Why Us

 

We have an experienced team who can assist you with 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. We pride ourselves on exceptional customer care skills enabling you to send out the right message and retain the goodwill of your customers whilst recovering outstanding payments.

 

We can offer you clear, practical advice and will discuss all the options available to establish the most appropriate way of dealing with debtors. We have tried and tested processes in place to ensure we can recover undisputed debts quickly, efficiently and cost-effectively, with transparent fees.

 

Pricing

 

The fees involved in debt recovery claims vary and it is not always possible to provide a fixed fee in this regard. However, we can give you a range of fees, based on the amount of outstanding invoices, whether the claim is simply for payment of those invoices, the values of those invoices, whether the invoices have been properly demanded and whether a letter before action has been sent which complies with the pre-action protocol for debt recovery.

 

We have fee structures which are on the basis that the claim is a simple debt recovery claim where the fees have been appropriately demanded:

 

Fixed Fee

 

Pre-Action Protocol Letter Amount VAT Subtotal
Pre-action Protocol letter (up to 5 invoices) £100 £20 £120
Pre-action Protocol letter (up to 5-10 invoices) £110 £22 £132
Pre-action Protocol letter (up to 10-25 invoices) £125 £25 £150
Pre-action Protocol letter (up to 25-50 invoices) £150 £30 £180

 

Issue claim and request judgement in default Amount VAT Subtotal
Up to £500 £100 £20 £120
Greater than £500 but no more than £1,000 £110 £22 £132
Greater than £1,000 but no more than £5,000 £125 £25 £150
Greater than £5,000 but no more than £100,000 £150 £30 £180

 

Disbursements

 

Disbursements are costs related to your matter that are payable to third parties, such as Court fees.  A Court fee is incurred upon the issuing of a claim.

 

Anticipated Court Fees

Item Amount
Up to £300 £25
Greater than £300 but no more than £500 £35
Greater than £500 but no more than £1,000 £60
Greater than £1,000 but no more than £1,500 £70
Greater than £1,500 but no more than £3,000 £105
Greater than £3,000 but no more than £5,000 £185
Greater than £5,000 but no more than £10,000 £410
Greater than £10,000 but no more than £15,000 4.5% of claim
Greater than £15,000 but no more than £50,000 4.5% of claim
Greater than £50,000 but no more than £100,000 4.5% of claim

* These fees may be subject to variation by the Court.

 

Exclusions

 

Our fees are fixed and include items detailed above, however there may be factors which would typically increase the cost of the fees estimated above. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.

 

Factors that may lead to an increase in cost include:

  • Correspondence with the Debtor
  • The claim being unable to be issued online
  • The claim not being issued by the Court
  • The claim being more than a simple debt
  • An acknowledgement of service being filed
  • Default Judgment being refused by the Court
  • A defence being filed
  • The need to chase payment of the judgment
  • Enforcement of the Judgment
  • Claim for more than £100,000

 

Time Scales

 

The Pre-action protocol requires that the Debtor be given 4 weeks from receipt of the pre-action protocol letter to make payment/put forward payment proposals.  A typical claim will take between 6-8 weeks, from sending the claim to the Court to be issued. This is on the basis that default judgment can be entered 14 days after service of the claim.  Court’s processing times can vary between the respective Courts.

 

Key Milestones

 

With every transaction there are key milestones; our fee will include these milestones and may be as follows:

  • Receipt of your instructions
  • Sending a letter of instruction
  • Receipt from you of the relevant identification documents and signed terms and conditions
  • Receipt of the invoices which remain outstanding
  • Sending of the pre-action protocol letter
  • Issue of the claim

HOW WE CAN HELP YOU?

 

Whatever your needs, assets or personal situation, we will listen to you and provide friendly and practical advice. Understanding your circumstances is the most important thing, so if you prefer to meet in person, by video link or something else - no matter where you are, we’re here to drive the change you need, or solve the problems you have.

Make Any Enquiry Request a Callback Get a Quote

Why Fishers?

 

We are experts at what we do, with knowledge, insight and action you can trust. We listen and take the time to understand you, your circumstances and needs. It's more than experience and skill, our team bring passion. We offer recommendations that bring the complex down to earth.

FIND OUT MORE

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