Debt Recovery: Pricing Structure & Policy
Please see below, current pricing for our debt recovery services.
County Court Proceedings
Cost
Stage 1 – Pre-legal
Our fees
- £0.00 – £100,000: Charged on a commission basis between 5% – 15%.
Stage 2 – Proceedings
Our fees
- £0.00 – £100,000: Charged on fixed fee basis between £75 – £600.
Disbursements
Court Fees
- Up to £300 = £35
- £300.01-£500 = £50
- £500.01-£1000 = £70
- £1000.01-£1500 = £80
- £1500.01-£3000 = £115
- 3000.01-£5000 = £205
- £5000.01-£10000 = £455
- £10000.01-£200000 = 5% of value Claimed
Assumptions
The fee range is conditional on the below assumptions:
- We have all the documents and you will co-operate with the provision of further information;
- Your debtor is correctly identified and his whereabouts are known;
- The debts are not subject to substantive dispute and/or set off or counterclaims.
What we will do for you
- Stage 1 – Pre-Legal: 1 – 4 weeks
- Stage 2 – Proceedings: 2 – 5 weeks
- Insolvency proceeding: 1 – 8 weeks
Optional Extras / Exclusions
- Advice and preparation in relation to any substantive dispute;
- Advice and preparation in relation to a defended claim
- Advice and preparation in relation to any injunction proceedings which could be brought against you;
- Advice and preparation in relation to the provision of security;
- The collection and accounting to you of monthly installments for a period in excess of six months.
Insolvency Proceedings
Stage 1 – Bankruptcy
Our fees
£150 – £3,000.
Disbursements
- £280 – Petition fee
- £990 – OR Deposit
- £85 – Process server fee
- £110 – Advocate’s fee
Stage 2 – Winding-up Proceedings
Our fees
- £150 – £3,000.
Disbursements
- £280 – petition fee
- £1600 – OR Deposit
- £85 – Process Server Fee
- C.£90 – Advertisement Fee
- £85 – Counsel’s Fee
Extra Disbursements
- £10 – £20 Identity verification search (per person/company)
The above costs will incur VAT at the prevailing rate
The above time frames are estimates and can be affected by a number of factors
The above services are at an additional cost
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