Below is a range of fixed fees for a business to business debt that is undisputed.
These costs apply where your claim is in relation an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point we will discuss any further work required and provide you with revised advice about the costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required) or an hourly rate if more extensive work is needed. Our charging rate is £220 per hour.
Debt Value Court fee Our fee
Up to £5,000
£5,000 to £10,000
£10,001 to £50,000
Up to £205
Up to £455
5% of claim
£750 plus VAT
£1,000 plus VAT
5% of claim
Anyone wishing to proceed with a claim should note that:
a. The VAT element of our fee cannot be reclaimed from your debtor;
b. Interest and compensation may take the debt into a higher banding with a higher cost;
c. The costs quoted are not for matters where enforcement action, such as the Bailiffs, is needed to collect your debt;
d. In an undisputed claim, you can only claim the debt, interest, court fees and a nominal amount of costs.
Our fee includes:
a. Taking your instructions and reviewing documentation;
b. Undertaking appropriate searches;
c. Sending a letter before action;
d. Receiving payment and forwarding to you, or if the debt is unpaid, drafting and issuing claim;
e. Where no acknowledgement of service or defence is received, applying to the court to enter judgment in default;
f. When judgment in default is received, write to Defendant to request payment;
g. If payment is not received by the date shown on the judgment, providing you with advice on the next steps and the likely costs.
Matters normally take between 4 and 18 weeks from receipt of instructions from you to receipt of payment from the Defendant, depending on whether or not it is necessary to issue a claim. This is on the basis that the Defendant pays promptly on receipt of the judgment. If enforcement action is needed, the matter will take longer to resolve and may include increase costs.