Debt Recovery

Cash flow is essential for any company – especially when the market is tough. Businesses need to invest in growing and meeting their own obligations, and cannot afford to have money tied up in unpaid bills.If your customers do not pay on time and in full, talk to us. We offer a fixed fee debt recovery service from an initial letter of claim through to recovering the money you’re owed.

How our debt recovery fixed fee service works:

 

Claims of £10,000 or less

 Uncontested claims:Seven-day letter of claim (including receiving your initial instructions)£25 plus VAT (£30) per debtorCorrespondence with you or the debtor (including telephone conversations, letters and emails) before issuing court proceedings£10 plus VAT (£12) eachPreparing and issuing court proceedings and obtaining judgment£200 plus VAT (£240) + court fee (fee varies depending on claim value) Where the claim is contested and/or defended the following additional fees will apply:Completing and filing Allocation Questionnaire£100 plus VAT (£120)Once your claim has been allocated, we will give you a cost estimate for handling the remainder of the caseThe fee will vary depending upon the nature of the case For all claims:

• The court rules allow for fixed solicitors costs to be added to the debt upon  the issue of the Claim Form and when a judgment is successfully obtained. You will be invoiced for these fixed costs if they are recovered from the debtor.

 Please note - warning:

• For all claims of £10,000 or less the only legal costs that are generally recoverable are fixed costs and court fees.

 

Claims over £10,000

These claims are often more complex and a specific estimate will be  provided in each individual case.