Fees for a business to business debt that is undisputed.
The costs below apply where your claim is in relation to an unpaid invoice which isn’t disputed and does not take into account the additional work and costs that may be incurred if you need to enforce the court judgement.
Should your opponent defend the claim or enter a counter claim this will incur additional costs; in this case we will write to you to advise you of the additional work necessary and will let you have a revised estimate of our fees set. This could take the form of a fixed fee for a particular phase of work, for instance, to consider the defence, or a one off letter, or an hourly rate for more extensive work.
|Debt value||Court fee||Our usual fee range||Total usual range (including VAT and the court fee)|
|Up to £5,000||Up to £205||From £500 to £4,000|
|From £805 to £5,005|
|£5,001 – £10,000||Up to £455||From £500 to £4,000|
|From £805 to £5,255|
|£10,001 – £50,000||5% of the value of the claim||£500 up to £9,000|
|From £600 to £10,800 plus the court fee of 5% of the value of the claim.|
|£50,001 – £100,000||5% of the value of the claim||£500 up to £15,000|
|From £600 to £18,000 plus the court fee of 5% of the value of the claim.|
DISBURSEMENTS WHICH MAY ALSO BE REQUIRED IN ADDITION ARE
- We may need to instruct a barrister for you in the event there is a court hearing. These fees could range from £500 plus VAT to £2,000 plus VAT subject to the complexity and type of the hearing.
- Land Registry fees of up to £50.
- Tracing Agent fees to locate your debtor of up to £150 plus VAT.
- Telegraphic transfer fees £30.
ANYONE WISHING TO PROCEED WITH A CLAIM SHOULD NOTE THAT
- The VAT element of our fee cannot always be reclaimed from your debtor.
- Interest and compensation on the level of the debt claimed may tip the debt into a higher banding, with a higher associated cost.
- The costs quoted above do not include enforcement action, such as instructing the bailiff to collect your debt.
- If you lose your case at court, you may also be ordered to pay the costs of the other side.
OUR FEE INCLUDES
- Taking your instructions and reviewing any documentation.
- Where necessary, undertaking appropriate searches.
- Drafting and sending a letter before action.
- Receiving payment and sending this onto you, or if the debt is not paid, drafting and issuing claim.
- Where no Acknowledgement of Service or Defence is received, applying to the court to enter Judgement in default.
- When Judgement in default is received, we will write to the other side to request payment.
- If payment is not received within 14 days, we will provide you with advice on next steps and likely costs.
Matters usually take between 3 and 20 weeks from receipt of your instructions to the receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgment in default. If enforcement action is needed, the matter will take longer to conclude.
WHO WILL DO MY WORK AND AT WHAT RATE?
The work will be carried out by Estella Prince (Senior Solicitor and Head of Litigation with more than 7 years post qualification litigation experience) and Ric Carter (Legal Executive with more than 20 year’s post qualification litigation experience). Please see the personal profiles on this website for further information. Usually work will be carried out at an hourly rate of £200 per hour plus VAT.