Debt Recovery Costs

If you have to issue a claim a Court fee will be payable. The amount will depend on the monetary value of the claim. These fees can be amended by the Court from time to time. The current fees can be found at https://www.gov.uk/make-court-claim-for-money/court-fees

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 where enforcement action, such as the bailiff, is needed to collect your debt.

Our fee 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 in received, write to the other side to request payment.
• If payment is not received within X days, providing you with advice on next steps and likely costs.

Matters usually take 2 to 8 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.