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Commercial Dispute Resolution

Pricing Information for Debt Recovery for Small Businesses

Chun Wong
Partner
Claire Kitchen
Partner
Ruhul Ameen
Partner
Michael Kilbane
Senior Associate
Brenel Menezes
Associate
Stuart Miles
Solicitor

These costs apply where your claim is in relation to an unpaid invoice which is not disputed 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.

The costs range is based on hourly rates from £140 to £350 + VAT (depending on which solicitor at the firm you instruct).

All costs listed are exclusive of VAT (which is currently 20%).

Full Cost Information

The full breakdown cost information for debt recovery cases for small businesses up to £100k can be found here.

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.
  • For debts of £10,000 or less you would not normally recover your legal costs

Matters usually take 8-20 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 and the court timetable and workload. 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.

Advice you can trust

Our team of commercial dispute resolution experts has over 30 years of collective experience in delivering high quality work in all civil matters. We have four members of the team who may work on your matter. Regardless of who works on your matter, they will be supervised by a Partner.

 

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