Taking your instructions and sending a letter before action to the debtor threatening County Court or insolvency proceedings and usually requiring payment within 14 days. Our fee also includes receiving the payment and forwarding it to you. If an electronic transfer is required however this will attract a further fee of £25 plus VAT.
Debt owed less than £1,000 = £50 plus VAT
Debt owed £1,000 to £10,000 = £75 plus VAT
Debt owed £10,000 to £100,000 = £150 plus VAT
This stage involves drafting and issuing a county court claim on your behalf.
You should be aware a claim for interest and/or late payment compensation may take the debt into a higher bracket with higher costs.
Debt recovery claim costs
Issuing a County Court Claim against your debtor
|Debt owed||Court fee||Our fee|
|Up to £300||£35||£90 plus VAT|
|£300 – £500||£50||£100 plus VAT|
|£500 – £1,000||£70||£125 plus VAT|
|£1,000 – £1,500||£80||£140 plus VAT|
|£1,500 – £3,000||£115||£150 plus VAT|
|£3,000 – £5,000||£205||£160 plus VAT|
|£5,000 – £10,000||£455||£175 plus VAT|
|£10,000 – £100,000||5% of claim||£250 plus VAT|
Issuing a Statutory Demand against the debtor
|Debt owed||Our fee|
|£750 to £10,000||£200 plus VAT|
|£10,000 to £100,000||£350 plus VAT|
In County Court claims, once the Court has served the claim, a debtor has 14 days in which to file a Defence or enter an Acknowledgement of Service. After the expiry of the 14-day period you can make a request to the Court for judgment to be entered provided the debtor has not filed an acknowledgment or a Defence.
Request Judgment – our fee £50 plus VAT
Timescale: It usually takes the court about 10 working days to enter judgment following receipt of a request to enter judgment.
- Application for an attachment of earnings order
- Application for charging order on debtor’s property
- Application for third party debt order
- Bankruptcy Proceedings
- Oral examination of a debtor
- Winding up order
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