The cost for Business Debt Recovery up to £100,000.

From sending a letter before action through to enforcement after a court judgement, our specialist team can support you in recovering business debt.

Why should you wait to get paid?

We can help you move forward.

When collecting debts on behalf of a business, we're transparent about our costings from pre-court issue charges through to court fees and charges after judgement.

Employment Law

Pre Court Issue Charges

Letter Before Action (“LBA”) (“Solicitor’s Letter”) for Limited Companies/ PLCs and confirmation of your instructions:

£12.50

Letter Before Action (“LBA”) (“Solicitor’s Letter”) for Individuals/ Sole Traders and confirmation of your instructions:

£75.00

Each subsequent letter, e-mail or telephone call:

£12.50

 

 

Court Costs

Once we begin Court Proceedings you are entitled to claim from the debtor not only your debt but also either contractual or statutory interest, the Court Fee you must pay on the issue of proceedings and the standard Fixed Costs. These items are all recovered on your behalf if the Claim is paid in full.

Our charges up to the stage of default Judgment are set out below.

Court Fees are payable at each stage of the proceedings and these are in addition to our costs. We reserve the right to ask for substantial amounts of Court Fees to be paid to us in advance of our incurring the Fees with the Court.

 

 

Standard Fixed Costs

from the issue of proceedings to Judgment (Assuming no defence filed).

Issue of Claim

Fixed Cost

Our Charges

Under £500

£50

£125

£500 - £1000

£70

£125

£1000 - £5000

£80

£125

Over £5000

£100

£125

 

 

Court Fees payable on issue

Claim Size

Court Fee

£0 - £300.00

£35

£300.01 - £500.00

£50

£501.01 - £1000.00

£70

£1000.01 - £1500.00

£80

£1500.01 - £3000.00

£115

£3000.01 - £5000.00

£205

£5000.01 - £10,000.00

£455

£10,000.01 - £200,000

5% of the value of the claim

Exceeds £200,000 or is not limited

£10,000

 

Our costs of entering judgment on your behalf are based on further standard Fixed Costs.

To £5000

Over £5000

By Default

£25

£35

By Admission & Acceptance

£45

£60

By Admission / Court

£60

£75

 

 

Charges After Judgement

Our Charges

Order for Questioning

£75

Warrant

£50

High Court Enforcement Officer

£55

Attachment of Earnings

£150

Charging Order

£250

Third Party Debt

£250

Statutory Demand

£300 - £400 + Process server*

Personal Bankrupcy or Winding Down

£1000 + Process Server & Court Fees*

 

Except in the case of the HCEO the above charges include all related correspondence with you and the debtor unless alternative arrangements are agreed).

(*Court Fees, Statutory Deposits, Affidavit Fees and Statutory Advertisement costs are also payable in insolvency cases).

All our charges (but not standard Fixed Costs) are subject to VAT at the applicable rate in force.Defended Cases.

If and when the case becomes defended our charges become based upon an hourly rate which will be discussed with you should the need arise. Our hourly rates vary depending on the level of personnel needed to manage your case.  Our Paralegal rate is £125, Solicitor rate is £185 and Partner rate is £240.  All prices are exclusive of  20% VAT.

Anyone wishing to proceed with a claim should note that:

  • the VAT element of our fee cannot be reclaimed from your debtor;
  • interest and compensation may take the debt into a higher banding, with a higher cost;
  • the costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Our fee includes:

  • taking your instructions and reviewing documentation; undertaking appropriate searches;
  • sending a letter before action;
  • receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim;
  • where no Acknowledgement of Service or Defence is received, applying to the court to enter Judgement in default;
  • when Judgement in default is received, write to the other side to request payment;
  • if payment is not received within 7 days, providing you with advice on next steps and likely costs.

Matters usually take up to 8 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve. 

Gareth Ruddock

Working With Our Services Team

Our professional and proactive team will advise and support you throughout the debt recovery or insolvency process, we will carry out the necessary steps to ensure efficiency and aim to quickly minimise the impact on your operations.

- Gareth Ruddock

If you have an enquiry in relation to Debt Recovery or Insolvency or want to speak to a member of our expert team, please get in touch.

Get in Touch

Did you know we offer a free legal review to all businesses?

Make an Enquiry


If you have a legal enquiry and would like to speak to one of our specialist team, please get in touch. We aim to respond within 2 hours of receiving your enquiry and look forward to hearing from you.

Start Now

Meet Your Lawyers


Emma Northall

Debt Recovery Manager

View Profile

Gareth Ruddock

Partner

View Profile

Jonathan Moss

Solicitor

View Profile

What Our Clients Say
 

Charlotte and her team did a great job of getting the sale completed, dealing with some other solicitors in the chain that appeared to be brain dead and uninterested. She kept me updated and chased things as needed on time. I felt she went above and beyond working on her day off because there was a chance the parties would exchange contracts that day. Very helpful and efficient. Many thanks to Charlotte and Claire. Great service.

Charlotte Judd

From Mr T

 

We used Olivia Jones in June 2020 to resolve a dispute with a dishonest commercial landlord, Olivia was fantastic I cannot recommend her enough excellent!!! 100%.

Olivia Jones

Ms Neale

 

You have a great team of professionals who I am more than happy to work with at any time when the need arises.

Andrew Verlander

Anon

 

Your dedication and commitment has been of the highest possible standards. At times it has been nightmarish, but your persistence won the day. Thank you.

I have to say how very grateful I have been to know that I was in such capable hands and that you looked after my interest so well. In passing I must add that your professionalism and expertise has been deeply appreciated as you guided me through this minefield.

You are obviously a great ambassador for not only your firm, but also the legal profession as a whole. Once again my renewed thanks for your very much appreciated efforts on my behalf.

Guy Birkett

Tractor Spares Limited