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Coventry

Mander Hadley Solicitors in Coventry 024 7663 1212

Kenilworth

Mander Hadley Solicitors in Kenilworth 01926 857631

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Recovery of Business Debts up to £100,000 – Our Fees

These fees apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed.  They include:

  1. Sending a letter before action
  2. Issuing legal proceedings
  3. Requesting Judgment

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 (eg if a one-off letter or a limited amount of work is required), or an hourly rate if more extensive work is needed.

Claim SizeCourt Fee (£) Our Charges VATTOTAL Charges (inc VAT)
£25 – £300£35£300£60.00£395
£301 – £500£50£300£60.00£410
£501 – £1,000£70£300£60.00£430
£1,001 – £1,500£80£300£60.00£440
£1,501 – £3,000£115£300£60.00£475
£3,001 – £5,000£205£300£60.00£565
£5,001 – £10,000£455£450£90.00£995
Above £10,0005% of the claimHourly rates apply*

For debts under £10,000 if monies are recovered following the sending of a letter before action and without any further correspondence being entered into, our fee will be limited to £215 plus VAT.

*For debts over £10,000 our hourly charging rates are £230 to £250 plus VAT.

How long will it take?

Matters usually take 5 to 10 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 Judgment in Default. If enforcement action is needed, the matter will take longer to resolve.  This timescale is also depending upon court processing times.

Costs of Enforcement

These will be agreed with you, in advance, should it be necessary.

Our debt recovery team

Amanda Hyam who is a Solicitor with more than 15 years’ experience in Civil Litigation and Dispute Resolution and supervises the work.

Lorraine Walker who is a Solicitor with more than 8 years’ experience in Civil Litigation and Dispute Resolution.

For more information please consult our Debt Recovery experts: