Commercial & Business Debt Recovery
Having unpaid debt can be hard on businesses of any size. The longer debts remain unpaid, the harder it is for companies to manage cash flow and liquidity. Business debt recovery allows businesses to boost their cash flow with the help of experienced collectors. Debt recovery agents have the knowledge and communication skills needed to enforce your unpaid invoices.
Whether you have a portfolio of debtors or are chasing a single invoice, our team of specialist business debt recovery lawyers can help.
Our team is headed up by Spencer Craig, a speecialist Debt Recovery & Civil Litigation Consultant. Spencer and his team provides a personal service for businesses of all sizes.
Our Fixed Fees
Our prices are very competitive and we believe that we may be unique in that we deal with the issue of claims in the County Court on a fixed fee basis and charge only the solicitors recoverable costs (plus VAT) together with the court fee and do not charge any additional irrecoverable costs. Details of our up to date fixed fee issue in the County Court is set out below:
Amount | Court | Solicitors’ | Additional | Amount |
£25 – £299.99 | £35 | £50 | Nil | £85 |
£300.01 – £499.99 | £50 | £50 | Nil | £100 |
£500.01 – £1,000 | £70 | £70 | Nil | £140 |
£1000.01 – £1,500 | £80 | £80 | Nil | £160 |
£1,500.01 – £3,000 | £115 | £80 | Nil | £195 |
£3,000.01 – £5,000 | £205 | £80 | Nil | £285 |
£5,000.01 – £10,000 | £455 | £100 | Nil | £555 |
£10,000.01 – £15,000 | 5% of the value of the claim
| £100 | Nil | The Court fee in full plus the £100.00 |
£15,000.01 – £50,000.00 | £100 | Nil | ||
£50,000.01 – £100,000.00 | £100 | Nil | ||
£100,000.01 – £150,000 | £100 | Nil | ||
£150,000.01 – £200,000 | £100 | Nil | ||
Greater than £200,000 | £10,000.00 | £100 | Nil | £10,100.00 |
We also deal with the entry of Judgment on the same basis in that we charge only the fixed costs recoverable from the Defendant on the entry of Judgment plus VAT (see schedule below
| Where | Where | Recoverable from |
Default of an Acknowledgement of Service | £22.00 | £30.00 | All |
Default of Defence | £25.00 | £35.00 | All |
Judgment of Admission | £40.00 | £55.00 | All |
Judgment After Refection of Offer | £55.00 | £70.00 | All |
Any additional work is charged at a competitive hourly rate which is proportionate to the value of the debt. The hourly rates are:
Solicitor / Legal Executive – up to £5,000 – £118.00 per hour
Solicitor / Legal Executive – £5,000.01 to £15,000 – £160.00 per hour
Solicitor / Legal Executive – £15,000.01 plus – £185.00 per hour
We can also deal with contested debts from the early stage of following the Pre-Action Protocol right up to post-litigation and trial.
PLEASE NOTE VAT CHARGED ON SOLICITORS COST IS NOT RECOVERABLE FROM THE DEBTOR
STANDARD 7-DAY SOLICITORS’ LETTER (TO BE SENT TO A LIMITED COMPANY, PLC OR LIMITED LIABILITY PARTNERSHIP) | £50.00 PLUS VAT |
SPECIAL DEMAND LETTER PERSUANT TO THE LATE PAYMENT OF COMMERCIAL DEBTS (INTEREST) ACT 1998 (AS AMENDED 2013) | £75.00 PLUS VAT |
SPECIAL DEMAND LETTER TO BE SENT TO AN INDIVIDUAL | £50.00 PLUS VAT |
CUSTOM DRAFTED WINDING UP OR SPECIAL DEMAND LETTER | AS PER HOURLY RATE |