Debt Recovery:

Fixed Fees for Business-to-Business Debts

Court Claims

These costs apply when your claim pertains to an unpaid invoice that is uncontested, and no enforcement action is required.

If the other party disputes your claim at any stage, we will discuss any additional work needed and provide updated cost advice.

This could involve a fixed fee (e.g., for a single letter) or an hourly rate for more extensive work.

Debt Value Court Fee Our Fee (inc. VAT) Total
Up to £5,000 £205 £180 £385
£5,001 - £10,000 £455 £240 £695
£10,001 - £50,000 5% of claim value + £360 (incl. VAT)

Important Notices

  • The VAT portion of our fee (charged at 20%) cannot be reclaimed from your debtor.
  • Interest and compensation may push the debt into a higher cost bracket. These costs do not cover enforcement actions like using a bailiff to collect the debt.
  • We request that outstanding debts be paid directly to you.



Fees


Our Fee Includes:


  • Taking your instructions and reviewing relevant documents.
  • Sending a pre-action letter.
  • Handling payment and forwarding it to you. If the debt remains unpaid, we will draft and file the claim.
  • In cases where no Acknowledgment of Service or Defence is received, we will apply to the court for a default judgment.
  • Upon receiving a default judgment, we will contact the other party to request payment.
  • If payment is not received within X days, we will advise you on the next steps and potential costs.


Our Fee Does Not Cover:


  • Conducting any necessary searches.


Timeline


Typically, these matters take 2 – 3 months from the time we receive your instructions to the receipt of payment from the other party. The timeline may vary depending on whether we need to initiate a formal claim.


 Please note that if enforcement action is required, the resolution process may take longer.


Disbursements


Disbursements  are payments which we make to third parties arising in the course of providing our services. For recovery of a straightforward undisputed debt the only likely disbursement you will incur is a court fee,  to issue court proceedings. However other disbursements may be payable for e.g experts reports, photocopying costs,


VAT


Our prices include Value Added Tax (VAT) at 20%.


The Debt Recovery Department is headed by the Principal Mr Obi Nwokeji who conducts 

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