on your side

Debt Recovery

Debt Recovery – Commercial and Landlord and Tenant

We offer a bespoke debt recovery service for commercial and landlord clients. We do not offer such services on a fixed fee basis.

The people who may be involved in this process are

Ian Oliver – Partner Hourly Charging Rate £245 per hour +VAT

Paul Lewis – Partner Hourly Charging Rate £161 per hour +VAT

Karrie McMillan – Paralegal Hourly Charging Rate £130 per hour + VAT

STAGE 1

To get to the stage of writing a Letter Before Action we would expect our costs to be between £200 and £400 plus VAT.

If it becomes necessary to issue proceedings, we will provide a cost estimate based on the complexity of any drafting involved but would expect this to be between £200 and £400 in addition to the above together with the court issue fee (see below).

If a defence is filed, we will provide a more detailed cost estimate based on the issues raised therein.

The process of debt collection can vary considerably from case to case. It may be a case of a single unpaid invoice for goods or services or it may be more complex claims for unpaid rent and service charges. Our experienced team can assist whatever the situation.

In most cases we would, having taken your instructions, write to the debtor in compliance with the Civil Procedure Rules (CPR) Pre Action Protocol for Debt Recovery and, depending on the response or lack thereof we would advise you  as to the best way forward, whether that be by way of further negotiation, court proceedings, a statutory demand or possibly mediation.

We would advise you of any costs involved before commencing action as well as provide you with the best estimate as to costs as we can. This estimate will include:

STAGE 1

STAGE 2

This would either be enforcing an unpaid court judgment or dealing with a contested claim for which a further estimate would be provided.

In addition to our fees, there are disbursements that we may incur on your behalf (with specific prior authority) such as:

 

Value of your claim Fee payable
Up to £300 £35
Greater than £300 but no more than £500 £50
Greater than £500 but no more than £1,000 £70
Greater than £1,000 but no more than £1,500 £80
Greater than £1,500 but no more than £3,000 £115
Greater than £3,000 but no more than £5,000 £205
Greater than £5,000 but no more than £10,000 £455
Greater than £10,000 but no more than £200,000 5% of the value of the claim
Greater than £200,000 £10,000