Debt Recovery - Costs and Timescale Guidelines
If you are owed money we can help by embarking upon either the court and/or insolvency processes to obtain payment.
The first stage of the process is to issue a Letter of Claim. This will notify the Debtor that court proceedings will commence if full payment is not received within either 7 days (Business to Business), 14 days (individual to individual) or 30 days (Business to Individual) of the date of the Letter. On all pre-legal recoveries we will charge you a flat fee of £30 + VAT per letter(s).
County Court Proceedings
If no money is recovered within the deadline imposed the following fees apply on the issue of County Court proceedings to include obtaining a County Court Judgment (CCJ) and are only applicable for straight forward undisputed claims.
|Amount||Court Fees*||Battens' Fees excluding VAT|
|Does not exceed £300||£25.00||£80.00|
|Exceeds £300 but does not exceed £500||£35.00||£90.00|
|Exceeds £500 but does not exceed £1,000||£60.00||£105.00|
|Exceeds £1,000 but does not exceed £1,500||£70.00||£115.00|
|Exceeds £1,500 but does not exceed £3,000||£105.00||£120.00|
|Exceeds £3,000 but does not exceed £5,000||£185.00||£125.00|
|Exceeds £5,000 but does not exceed 10,000||£410.00||£350.00|
|Exceeds £10,000 but does not exceed £100,000||5%||£450.00|
|Obtaining a CCJ||Nil||£55.00|
* Subject to change by notice of the Court Service
To obtain a CCJ takes on average 4 weeks.
The above fees apply to all debts under the £100,000 limit and for all debts over this amount, please click here and we will give you call back.
Once a CCJ is obtained against the Debtor, enforcement action can be taken and we will be able to discuss with you the most suitable method to obtain payment.
|Description||Court Fees*||Battens' Fees excluding VAT|
|Order to obtain information from a Judgment Debtor||£55.00||£200.00|
|Application to request Bailiff service of the Order to obtain information from a Judgment Debtor||£110.00||£30.00|
|Application for an Attachment of Earnings||£110.00||£150.00|
|Re-issue of Order to obtain financial information and an Attachment of Earnings||Nil||£30.00|
|Request for a Warrant of Control||£77.00||£50.00|
|Re-issue of a Warrant of Control||£33.00||£30.00|
|Application to instruct a High Court Enforcement Officer||£66.00||£150.00|
|Application for a Final Charging Order||£110.00||£500.00|
|Application for an Order for Sale||£308.00||£1,500.00|
|Application for a Third Party Debt Order||£110.00||£1,500.00|
Dependant on which course of action you embark upon, is dependent upon the time scale involved but on average each method of enforcement takes between 4 to 16 weeks.
The following fees apply as an alternative to the issue of proceedings and again are only applicable for straight forward undisputed claims.
|Description||Court Fee||Court Deposit||Battens' Fees excluding VAT|
|Winding Up Petition||2801.00||£1,600.00||£1,500.00|
This process can take between 10 and 20 weeks.
For more complicated claims and/or debts which are or will become disputed, the following hourly rates will apply and are not subject to VAT.
|Directors/Consultants||£225 to £265|
|Senior Associates/Associates||£200 to £230|
|Other solicitors and Legal Executives||£146 to £175|
|Trainee Solicitors/Paralegals||£111 to £140|
Potential Additional Costs
For example but not limited to.
|Description||Third Party Fees + VAT||Battens' Fees excluding VAT|
|Your Debtor has disappeared and a current address is required to be found||Between £50.00 for office based enquiries and £150.00 for on-foot enquiries||£28.00 + VAT|
|An agent is required to attend the Debtor’s address, for whatever reason||Between £150 - £200.00||£42.00 + VAT|
|Where documents are required to be personally served||Between £75 - £200||£28.00 + VAT|
|Where documents are required to be sworn/affirmed||£5.00 for the Affidavit and £2.00 for each Exhibit||£28.00 + VAT|
The above can take between 1 and 28 days.