Fees for Debt Recovery work
Cash flow is important to all business for clients who find themselves having to chase customers for payment on a regular basis we offer a bulk debt recovery service.
Our charges for new instructions each month are as follows:
Letter before action
1-10 Letters before action £18.00 plus VAT
11 – 20 Letters before action £16.00 plus VAT
21 and over Letters before action £14.00 plus VAT
If there is no response to these letters, we will discuss with you the costs v benefits of issuing proceedings.
Issue of proceedings where no response is received to Letter before action
Issue of proceedings on claims up to £25,000.00 – £180.00 plus VAT and disbursements per case. The Court fee is a disbursement, the amount of which is dependent on the value of your claim.
For claims of £25,001.00 – £200 plus VAT and disbursements per case. The Court fee is a disbursement, the amount of which is dependent on the value of your claim.
Your claim will also include a claim for interest which may be either, contractual or statutory.
Entry of judgment where no Defence has been received to the Court proceedings
£25.00 plus VAT
Where debts are contested following the letter before action or a defence is filed to Court proceedings an hourly rate of £235.00 plus VAT will be chargeable for all work undertaken, which will include:
- completing allocation questionnaire – 30 mins
- preparation of standard disclosure of documents and exchanging these – 3 – 5 hours
- preparing and exchanging of witness statements – 2 -3 hours work per statement
- Preparation of bundles for hearing – 2=3 hours work
If we instruct a barrister to represent you then barrister’s charges are likely to be in the region of £1500 – £2500 plus VAT.