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Debt Recovery Costs Information

Court Claims

Our fees in connection with a claim by one business against another to recover an unpaid invoice. These costs apply where the the invoice is undisputed 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 fees

Total (including VAT)

Up to £5,000

Between £35 and £205 (depending on the value of your claim)

£1500 plus VAT

£1835-£2005

£5,001 – £10,000

£455

£2000 plus VAT

£2,855

£10,001 – £50,000

5% value of the claim

£2500 plus VAT

£3000 (plus court fee of 5% of value of the claim)

 

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor.
  • Interest and compensation may take the debt into a higher banding, with a higher cost.
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

 

Our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
  • When Judgement in default in received, write to the other side to request payment
  • If payment is not received within 14/21 days, providing you with advice on next steps and likely costs

 

Timescale:

Matters usually take 6-12 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 Judgement in default. If enforcement action is needed, the matter will take longer to resolve.

 

 

Authorised and regulated by the Solicitors Regulation Authority (SRA ID: 389678). Max Engel is the trading name of Max Engel & Co LLP a limited liability partnership (Members: R E Engel, H L Carville and S G Lawson) registered in England, registered number: OC 305962. Registered office: 8 Hazelwood Road, Northampton NN1 1lP. VAT Number: 119 4485 55.

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T: 01604 887450
E: info@maxengel.co.uk