We will provide you with a fee estimate or a fixed fee depending on the value and complexity of your case. Your work will be allocated to the most cost effective team member with the appropriate experience.
In our experience the likely costs for pursuing a debt that is not in dispute will be as follows:
Debt up to £5,000: £500 – £1,000 plus VAT (£600 – £1,200 in total)
Debt between £5,001 to £10,000: £600 – £1,500 plus VAT (£720 – £1,800 in total)
Debt between £10,001 to £100,000: £1,000 – £4,500 plus VAT (£1,200 – £5,400 in total)
We may be able to agree a fixed fee to pursue a debt for greater clarity on the cost to be incurred.
Our hourly rates range from £110 to £250 plus VAT (£132 to £300 in total) based on level of qualification and experience.
Disbursements are costs related to your matter that are payable to third parties, for example enquiry or enforcement fees. We handle the payment of the disbursements on your behalf.
If court proceedings need to be issued, a court fee will be payable in addition to our charges. Details can be found on the following link:
It is presumed that the debt being pursued is not in dispute. Many cases appear simple at first but on closer inspection, or having received a response from the debtor, may be more complex to resolve.
Factors which could affect the overall costs include:
This is an illustration only. The work carried out will be tailored to your specific needs and set out in a Confirmation of Instructions document.
Most undisputed debt recovery claims include the following steps:
In some cases as an alternative to pursuing a debt through the traditional Courts or High Court route as outlined above, an effective way of pursing a debt may be by issuing a Statutory Demand leading to a possible Bankruptcy Petition if the debt is owed by an individual or a Winding-Up Petition for a debt owed by a company.
Our Dispute Resolution unit is led by Matthew Hill and the team comprises Jonathan Mortimer, Ervin Shakaj and Annette Thomson. Click here to view their profiles.