Debt Recovery Pricing

England & Wales only[1]

Note: All fixed costs figures quoted are inclusive of VAT

Stage 1 - Pre-Legal Action – Fixed Costs

The first step in recovering a debt is to send a Letter Before Claim.  This is a procedural requirement under the Civil Procedure Protocols.  The nature and content of the Letter will depend upon particulars facts surrounding the debt.  We will discuss with you whether a Standard or Bespoke letter is appropriate based on the specific facts of each case.

Action

Our Fixed Costs

Drafting Standard Letter Before Action

£12.00

Pre-Legal review

up to £10,000

£600.00

£10,000- £25,000

£900.00

£25,000 upwards

£1,800.00

Note: If the Letter Before Claim requires a bespoke content then Hourly Rates shall apply (see table below entitled “Claims in excess of £10,000 - Court Action – Hourly rates”).

Stage 2 – Court Proceedings

If the Letter of Claim does not result in payment then it may be necessary to commence Court proceedings.  The additional fixed fees for this stage are as follows:-

Sum Claimed

Court Fee

Our Fixed Costs

Total

Up to £300.00

£35.00

£50.00

£85.00

>£300.00 but not over £500.00

£50.00

£50.00

£100.00

>£500.00 but not over £1000.00

£70.00

£70.00

£140.00

>£1000.00 but not over £1,500

£80.00

£80.00

£160.00

>£1500 but not over £3000

£115.00

£80.00

£195.00

£3,000.00 but not over £5,000

£205.00

£80.00

£285.00

>£5,000 but not over £10,000

£455.00

£100.00

£555.00

>£10,000 but not over £100,000.00

5% of the claim

£100.00

Depends on precise value of sum claimed

>£100,000 but not over £200,000

5% of the claim

£100.00

Depends on precise value of sum claimed

Over £200,000

£10,000.00

£100.00

£10,100

If the Defendant fails to respond to the Proceedings, then we will enter a request for Judgment in Default on your behalf.  The following fixed fees for doing so shall also apply:-

Sum Claimed

Our Fixed Costs

Less than £5000

£22.00

Over £5,000

£30.00

If the Claim is disputed by the Defendant, then the following fixed charges shall apply in addition to those detailed in Stage 1 above.

Contested Small Claims matters (i.e. less £10,000 or less)

Action

Our Fixed Costs

Fixed fee for dealing with standard defended small claims matter up to £5,000.00

£670.00

Fixed fee for dealing with standard defended small claims matter between £5001.00 and £10,000.00

£1,200.00

These Fixed Costs include:-

  • Taking your instructions, reviewing documentation and dealing with all routine correspondence with the Defendant and Court; and
  • Preparing witness evidence; and
  • Instructing an advocate to attend the final Small Claims Hearing.

These Fixed Costs excludes:-

  • Court hearing fees (these range from £80 to £335 dependant on the value of the small claim).
  • Advocates’ fees (these range from £200 to £500 plus VAT).

Claims in excess of £10,000 – Hourly rates apply[2]

Seniority of Fee-Earner

Our Hourly rates (plus VAT)

Senior Solicitor (Band A)

£260.00

Solicitor (Band B)

£190.00

Junior Solicitor (Band C)

£170.00

Trainee Solicitor/Paralegal/Legal Executive (Band D)

£120.00

Stage 3 - Enforcement Costs

Once Judgment has been obtained either by default or following a contested hearing/trial, then it may be necessary to enforce the Judgment.  If so, we shall discuss with you the various enforcement methods available.  Typically these include the following (although we may discuss other methods depending upon the circumstances of your case).

Charging Order

Action

Cost (£)

Court Fee

100.00

Obtaining Official Copies

10.00

Restriction fee

40.00 for the first 3 titles, £20.00 thereafter.  If done electronically, the fee is £20.00 for the first three titles and £10 thereafter.

Dealing with Charging Order Application

£450.00

Bankruptcy Petition

Action

Costs

Drafting a Statutory Demand

£180.00

Service of Statutory Demand

£96.00

Drafting Petition

£900.00

Agent’s fee for issuing Petition

£36.00

Court fee

£280.00 (Creditor’s Petition)

Service fee

£102.00

Advocate’s fee

£120.00

Official Receiver’s deposit

£990.00

Winding Up Petition

Action

Costs

Our Fixed Costs for drafting a Statutory Demand (if required)

£180.00

Service of Statutory Demand (if required)

£96.00

Our Fixed Costs for Drafting Petition

£900.00

Agent’s fee for issuing Petition (if required)

£36.00

Court fee

£280.00

Service fee

£102.00

Advocate’s fee

£120.00

Advert fee

£108.00

Official Receiver’s deposit

£1600.00

[1] Quotes and fees for claims outside of the England & Wales jurisdiction are quoted on a case by case basis due to varying agent fees and disbursements.

[2] Hourly rates are banded in terms of seniority and experience with higher charge-out rates applying for more senior solicitors.  The Bands range from A to D, as follows;-

Band A – Solicitor with over 8 years’ post qualification experience including at least eight years’ litigation experience;

Band B – Solicitors and legal executives with over four years’ post qualification experience including at least four years’ litigation experience;

Band C – Other solicitors and legal executives and fee earners of equivalent experience;

Band D – Trainee solicitors, paralegals and other fee earners.  “Legal Executive” means a Fellow of the Institute of Legal Executives.