Debt Recovery Fees

Our commercial litigation team can help you recover the money owed to you by your customers. We will always work with you to achieve the best commercial outcome, keeping matters out of court where possible.

The below information relates to our services for undisputed business-to-business debt recovery up to a value of £100k. For an estimate outside of these parameters, please contact us.

Our team is also experienced in Alternative Dispute Resolution (ADR) and would be happy to discuss this with you. Our team will provide a bespoke review of the options based on your particular circumstances and the likely estimated costs.

We have set out our estimated legal fees below. We can provide a discounted quote for a higher volume of debt recovery matters. Please contact us for an accurate and detailed quotation based on your particular circumstances.

Please note that the below fees are cumulative and exclusive of VAT and disbursements, except for trial advocacy, uncontested bankruptcy and winding-up fees.

Claims up to £25k

Out of Court Settlement

Stage of claim Our Fees Estimated Timescale
Letter Before Action £500 2-4 weeks
Extended Settlement Dialogue Pre-Issue £1,000 6 weeks

Claim in Court

Stage of claim Our Fees Estimated Timescale
Pre-Issue of Proceedings and Issue of Proceedings £2,250 + 10% damages 8-10 weeks
Post-Issue of Proceedings to Pre-Allocation by the Court £2,750 + 20% damages 4-8 weeks
Post-Allocation to Pre-Listing £3,500 + 25% damages 4-12 weeks
Post-Listing to Pre-Trial £4,500 + 3% damages 4-24 weeks

Bankruptcy Petition

Stage of Claim Our Fees Estimated Timescale
Statutory Demand £1,250 2-4 weeks
Winding-up/Bankruptcy Petition £3,000 2-4 weeks
Uncontested Proceedings £250 2-4 months after issue of petition
Trial Advocacy Our Fees
Up to £3k £500
£3-£10k £710
£10k-£15k £1,070
£15k-£25k £1,705

Claims £25k-£100k

Out of Court Settlement

Stage of claim Our Fees Estimated Timescale
Letter Before Action £750 4-6 weeks

Claim in Court

Stage of claim Our Fees Estimated Timescale
Pre-Issue of Proceedings and Issue of Proceedings £4,000 8-10 weeks
Up to and including County Court Money Claims (CCMC) £7,900 + 12% damages 8-12 weeks
Up to end of Disclosure and Inspection £10,000 + 14% damages 6-8 weeks
Up to Service of Witness Statements and Expert Reports £12,500 + 16% damages 6-10 weeks
Up to and including Pre-Trial Review (PTR) £15,750 + 16% of damages 8 weeks
Up to Trial £17,500 + 20% damages 8 weeks

Bankruptcy Petition

Stage of claim Our Fees Estimated Timescale
Statutory Demand £1,250 2-4 weeks
Winding-up/Bankruptcy Petition £3,000 2-4 weeks
Uncontested Proceedings £250 2-4 months after issue of petition

Disbursements are fees we are required to pay to others on your behalf. These may include court fees, barristers’ fees, experts’ fees, search fees, process servers’ fees and bank transfer fees.

Court fees: details of the various court fees payable in relation to the types of proceedings identified in the tables above can be found here.  If you are unsure as to what fee may apply to your case, we would be happy to discuss this with you.

Barristers’ fees and experts’ fees: these are agreed with the barrister’s clerk or the expert on a case-by-case and item-by-item basis. Estimates will be obtained.

Process servers’ fees for serving documents: on average, these are currently in the region of £120, but prices may vary depending on the number of documents to be served, how many people have to be served, their location and other factors.

Search fees: these are the current fees payable (inclusive of VAT) but they are subject to increase:

  • Land Registry Search: £12
  • Money laundering search: £3
  • Law checker: £12
  • Bankruptcy search: £2 (per name)
  • Bank transfer fees: £36 per transfer

The following is not meant to be an exhaustive list and, if you require clarification, please make an enquiry with a member of the litigation team.

However, for claims between £25,000 and £100,000 (as the claims of up to £25,000 go through similar stages) we would anticipate the following would be covered:

  • Reviewing your paperwork in order to agree and prepare a letter before action.
  • Consideration of any response to the letter before action with you.
  • Dealing with any negotiations or issues prior to the commencement of proceedings.
  • Preparation of proceedings and issue of the same.
  • Consideration of any Defence and/or Counterclaim received from the other party.
  • Completing the necessary Court paperwork to enable the Court to make directions (timetable) for the subsequent conduct of the claim. Please note, this may include the attendance at a Court appointment which can consider matters such as directions and costs.
  • Dealing with disclosure.
  • Dealing with the preparation of witness statements and the consideration of the other parties witness statements.
  • Instructing expert witnesses and all of the factors surrounding their appointment, the production of their report and any subsequent attendances on the other party’s expert witnesses unless there is a single joint expert.
  • Preparation for trial.
  • Attending trial.

There may be attendances on Counsel and instructions to Counsel during the course of the proceedings and up to and including their being instructed to attend at trial.

In relation to the bankruptcy/winding up route, the process following the preparation of the letter before action would include:

  • Preparation of the Statutory Demand
  • Service of the Statutory Demand
  • Considering any response to the Statutory Demand
  • Preparing winding up and/or bankruptcy petition, as appropriate
  • Arranging service of the Petition
  • Dealing with any advertisement and ancillary matters
  • Arranging attendance at the first hearing and any subsequent hearing

We have provided approximations of the timescales in relation to the various steps identified in the tables above. However, there are a number of factors which can impact upon timescales.

These can include:

  • The length of time a party may take to respond to correspondence
  • Whether the parties want to allow more time for negotiation
  • How quickly the Court may process paperwork
  • Whether the parties require more time to deal with certain steps within the proceedings, e.g. preparing witness statements.
  • Whether there are any issues with regard to the potential instruction of an expert or the provision of their report

HOW CAN WE HELP YOU TODAY?

Drop files here or
Max. file size: 50 MB.

    We will only use the information you submit to us for the purpose of dealing with your enquiry. Please see our privacy policy for further information.

    Kuits FSQS registered
    Kuits good employment supporter