Fees estimate for a Business to Business Debt that is Undisputed
These costs apply where your claim is in relation to an unpaid invoice which is not disputed and where enforcement action in respect of a Court Judgment is not required. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary. Those costs where the claim is disputed could be on a fixed fee basis (where only limited work is required), or an hourly rate if more extensive work is required.
In addition VAT is payable on our fees, those of Counsel and upon disbursements such as search fees at the prevailing rate.
Up to £5,000
£10,001 – £50,000
£50,001 – £100,000
|Our Fee (excluding VAT)
£250.00 to £450.00 plus disbursements and Court fees
£500.00 to £750.00 plus disbursements and Court fees
£800.00 to £1,250.00 plus disbursements and Court fees
£1,300.00 to £1,500.00 plus disbursements and Court fees
Each matter is unique and therefore we recommend you contact us directly so that we can discuss the details of your matter and provide a personal and tailored estimate for you.
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from the Debtor.
- Interest and compensation may take the debt into a higher banding with a higher cost.
- The costs quoted above are not for matters where enforcement action, such as the Bailiff, is needed to collect your debt.
- Please note that the costs referred to above do not apply where your claim is disputed by the Debtor, either before or after the issue of proceedings.
- If it is necessary or we are instructed to enter into lengthy and complex negotiations with the Debtor concerning payment, then the range of fixed fees referred to above will not apply.
Our fee includes:
- Taking your instructions and reviewing documentation.
- Undertaking appropriate searches.
- Sending a letter before action.
- Receiving payment and sending on to you, or if the debt is not paid, drafting and issuing the claim.
- Where no Acknowledgement of Service or Defence is received, applying to the Court to enter Judgment in Default.
- When Judgment in Default is received, writing to the other side to request payment.
- If payment is not received within 28 days, providing you with advice on next steps and likely costs.
- Please note that should the Debtor pay the debt at an early stage, for instance in response to the letter of claim, then the costs that you incur will be correspondingly lower than the fee quoted above. Therefore if the matter concludes at an early stage and, for instance, without the necessity of us having to issue Court proceedings, then our fees will be correspondingly lower.
In addition to our fees, there will be costs related to your matter that are payable to third parties, for instance Court fees. The Court fee is based upon the value of the claim. Detailed information with regard to Court fees is available at www.gov.uk/government/publications/fees. Other payments could comprise search fees where we undertake company searches on your behalf.
Matters can take approximately between four and 16 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This period will vary and may well be longer depending upon the following factors:
- The response of the Debtor.
- The length and complexity of any negotiations concerning possible payment terms.
- The speed with which documentation is processed by the Court.
- How quickly we receive your instructions.
- If enforcement action is needed after Judgment is obtained in default, then the matter will take longer to resolve.
Equally, the period may be shorter if a debtor responds promptly to a letter before action and makes payment in full.
The person who shall have conduct of your matter throughout the case is James Wood – Partner/Solicitor – qualified 1989. James Wood has over 15 years of experience with regard to this area of work. His current hourly rate is £210 per hour plus VAT at the prevailing rate, currently 20%.