Fees for a business to business debt that is undisputed

Court claims

These costs apply where you claim is in relation to 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 costs if necessary, which could be on a fixed fee (e.g. if a one off pre-action letter is required), or an hourly rate if more extensive work is needed.

Costs

Pre-action letter – £250 – £750 + VAT

Claim form – £250 – £1,500 + VAT

Stat demand – £250 – £500 + VAT

Bankruptcy/Winding up – £250 – £500 + VAT

Debt Value Court fee Our fee (+ VAT)
Up to £5,000 See table below £500 + VAT
£5,001 – £10,000 See table below £1,500 + VAT
£10,001 – £50,000 See table below £2,500 + VAT
£50,001 – £100,000 See table below £5,000 + VAT

 

Value of your claim Court issued claim – fee payable
Up to £300 £35
Greater than £300 But no more than £500 £50
Greater than £500 But no more than £1,000 £70
Greater than £1,000 But no more than £1,500 £80
Greater than £1,500 But no more than £3,000 £115
Greater than £3,000 But no more than £5,000 £205
Greater than £5,000 But no more than £10,000 £455
Greater than £10,000 But no more than £15,000 5% of the value of the claim
Greater than £15,000 But no more than £50,000 5% of the value of the claim
Greater than £50,000 But no more than £100,000 5% of the value of the claim

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor
  • Interest and compensation may take the debt into a higher banding, with a higher cost
  • The costs quoted above are not for matters enforcement action, such as the bailiff, is needed to collect your debt.

Our fees includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
  • When Judgement in default is received, write to the other side to request payment
  • If payment is not received within 30 days, providing you with advice on next steps and likely costs

Matters usually take 8-12 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 is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve.

If you require any more help or assistances on the above please call one of our offices.

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