Pricing
Unpaid debts can be problematic for any business. The impact on cash flow can affect your ability to pay employees or creditors and potentially damage your reputation.
Ensuring that you have written terms & conditions in place can help when it comes to collecting debts.
However debts may not be paid because the debtor simply cannot afford to pay. You should consider the financial status of any debtor before starting any debt collection procedure.
For advice on putting contractual terms & conditions in place for your business or for advice and assistance with collecting aged debts you can contact us on 01273 249200.
These costs apply where your 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 letter is required), or an hourly rate if more extensive work is needed.
Debt value | Court fee | Our fee (incl. VAT) | Total |
---|---|---|---|
Up to £5,000 | £ up to £205 | £1,000 | £ up to £1,205 |
£5,001-£10,000 | £455 | £1,500 | £1,945 |
£10,001-£100,000 | 5% value of the claim | £3,000 | £3,000 plus 5% value of the claim |
Anyone wishing to proceed with a claim should note that:
Our fee includes:
Matters usually take 10-12 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 the Judgement in default. If enforcement action is needed, the matter will take longer to resolve.