Business to Business Debt – Disputed, with enforcement action

How much does this service cost?

No debt recovery matter is ever the same and so our fees will reflect the particular requirements of your matter.  The figures quoted below are a guide only as the cost of your matter will depend upon many factors such as: the evidence needed, the complexity of the dispute, the nature of the defence(s) raised, whether any counterclaims are raised and level of involvement the client wishes to have.  That’s why we’ll always give you an individual cost estimate at the start of the transaction, taking into account the actual details of your matter.  We will always advise you immediately about any complication; and would fully discuss the potential consequences of that before any additional charges are incurred.

Our charges apply where your claim is in relation to an unpaid invoice or other outstanding debt which is disputed and where enforcement action is needed. 

Our charges will be calculated primarily by reference to the time spent on the matter, although other factors may be taken into account.  These include the complexity of the matter, the importance and urgency of the matter to you; and the skill, effort, specialist knowledge and responsibility involved in dealing with it on your behalf.  The time spent will be charged in units of one-tenth of an hour.

We estimate our fees, excluding VAT, to be between £5,000 and £75,000, depending upon the size of the debt to be recovered.  It is usual that a smaller debt will cost less to recover.  VAT will be charged at 20% on top of this.

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements, where possible, on your behalf to ensure a smoother process.

Potential Disbursements :

  • Insolvency court fee (claim between £300-£5,000) : £35 - £205
  • Insolvency court fee (claim between £5,001-£10,000) : £455
  • Insolvency court fee (claim over £10,001) : 5% of sum claimed, up to a maximum of £10,000

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor

As part of our fee we will:

  • Provide you with an experienced solicitor to work on your matter
  • Take your instructions and review documentation
  • Draft and issue claim
  • Prepare reply to a defence if necessary
  • Prepare all relevant documents in accordance with the Court’s directions which are given on a case by case basis
  • Arrange representation for the Court hearing
  • Enter settlement negotiations if instructed to

Matters usually take 12-18 months from receipt of instructions from you to receipt of payment from the other side.