Business to Business – Debt Recovery of an Undisputed Invoice
If you are owed a sum of money in relation to an undisputed invoice, we can offer the following fixed fee debt recovery service in order to assist you in securing the money owed to you
Our Legal Fees and Disbursements
Letters Before Action
We will take your instructions and send an initial demand letter to the debtor for the cost of £50 + VAT . If further correspondence is required prior to us issuing court proceedings (for example to respond to queries raised by the debtor) each additional letter will be charged at £15.00 +VAT.
Issue of Proceedings
The fixed costs payable upon issuing court proceedings will be tracked according to the fixed costs that the court will allow you to recover from the debtor, + VAT (please note that the VAT element is not recoverable from the debtor). Disbursements are costs related to your matter that are payable to third parties. We handle the payment of the disbursements on your behalf to ensure a smoother process.
These costs and disbursements are as follows:
Value of Debt
Fixed Costs (Excluding VAT)
Up to £300
Greater than £300
but no more than £500
Greater than £500
but no more than £1000
Greater than £1,000
but no more than £1,500
Greater than £1,500
but no more than £3,000
Greater than £3,000
but no more than £5,000
Greater than £5,000
but no more than £10,000
Greater than £10,000
but no more than £200,000
5% of the value of your claim
Work undertaken on any claims that are defended shall, from the point that the defence is filed, be charged at an hourly charging rate. Our hourly charging rates vary between £1505 – £240 +VAT.
In the event that a Defence is filed we will provide you with costs estimates at that point in time. Our costs estimates will be based upon the value and level of complexity of your case.
In the event that your opponent does not respond to the claim or respond by admitting the claim, we will obtain judgement on your behalf.
If the debtor makes any applications within the proceedings (for example, to set aside or vary a judgement), our fees will again be charged by applying the above hourly rates and an estimate of our costs for dealing with this stage will be provided to you.
In the event that we obtain judgement on your behalf and the debtor fails to make payment, there are a number of ways that we can assist you in enforcing the judgement. The various options and our fixed costs and disbursements will be discussed with you at this stage if necessary.
Debt Recovery is handled by our experienced Dispute Resolution team which includes:
Head of Department, Solicitor and Director, Maria Calvy
Business Manager and Debt Recovery Paralegal, Kevin Richards