Pricing: Debt Claims
These costs apply where your claim is in relation to an unpaid invoice which is not disputed. If the other party disputes your claim at any point, we will discuss the further work required and provide you with a revised costs estimate based on an hourly rate.
| Debt value | Court fee | Our fee |
|---|
| Up to £5,000 |
Up to £205 |
£1,200+VAT |
| £5,001 - £10,000 |
£455 |
£2,000+VAT |
| £10,001 - £50,000 |
5% value of the claim |
£5,000+VAT |
| £50,001 - £100,000 |
5% value of the claim |
£10,000+VAT |
Anyone wishing to proceed with a claim should note that:
- For a claim valued up to £10,000 a successful Judgment will likely not order the debtor to reimburse you our fees.
- For a claim valued over £10,000 a successful Judgment will likely require the debtor to re-pay you the majority of our fees.
- In all successful claims it is very likely the Court will order that the debtor re-pay you your court fee.
- Interest and compensation may take the debt into a higher banding, with a higher cost.
- The costs quoted above do not include any enforcement action (e.g. instructing a bailiff to collect your debt after Judgment is ordered.)
- We do not operate a ‘No Win No Fee’ paying arrangement. Our fees are payable for work undertaken, regardless of whether Judgment is obtained in your favour. Half our fee is payable in advance. The second half is to be paid before an application for Judgment in default is made to the Court, or once an Acknowledgment of Service or Defence is received.
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 a Claim
- Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
- When Judgement in default in received, write to the other side to request payment
- If payment is not received within 14 days, providing you with advice on next steps and likely costs
Our fee does not include:
- Any correspondence or negotiation with the debtor if the debtor responds to the letter before action – this will be charged at a separate hourly rate
- Any advice to you throughout the process if the debtor wishes to negotiate settlement or payment terms – this will be charged at a separate hourly rate
- Any work once an Acknowledgment of Service or Defence is received – from that point the matter becomes disputed litigation and all work will be conducted at an hourly rate with new costs estimates provided
- Any work if the debtor raises an application to set aside the default judgment – from that point the matter becomes disputed litigation and all work will be conducted at an hourly rate with new costs estimates provided
- Assistance with enforcement of the default Judgment – this will be charged at a separate hourly rate
Matters usually take 4-24 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.
