Fixed Fees
Our charge for pursuing your bad debt up until the point of judgement is 10% of the amount claimed plus VAT.
Please note that this is payable following the claim being issued, regardless of whether the money is actually recovered.
If following the initial letter of claim payment is received without the need for proceedings to be issued or you decide not to proceed following the letter then we will act for a fixed fee of £50 plus VAT.
(If your debt is small and the fixed fee is a significant proportion of the amount being claimed then we can review this figure.)
This rate is not applicable if the debt is over £5,000 inclusive of VAT and any interest, statutory or otherwise, which you can claim.
If your claim is for over £5,000 or is subsequently defended then we will agree a fee structure with you at that time.
If your claim is defended then advocacy is likely to be required and therefore the cost of our service will be higher. There will also be extra court costs involved if the matter cannot be settled and it proceeds along the court-scheduled timetable.
What we will do:
- Draft and send a Letter of Claim compliant with the Civil Procedure Rules.
- Draft, issue and arrange for service of a Claim Form (Summons).
- Apply for default Judgment where appropriate and advise you further with regard to enforcement.
