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Pricing Information for Debt Recovery for Small Businesses (up to £100k)

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%)

Our team 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.

Value of DebtCosts and work includedCourt FeeBarrister’s Fees
£0 – £10,000Stage 1:

Take initial instructions
Review of Documents
Undertaking appropriate searches
Drafting Pre-action Letter of Claim
Accounting to you if payment received

£600 to £1,200

Stage 2:

Drafting and Issuing a claim

£600 to £1,200

£35 to £455 (depending on value)
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/728133/ex50-eng.pdf
Stage 3:

Applying for Default Judgment (where no Acknowledgement of Service or Defence is filed/served)
Accounting to you if payment received

£200 to £300

Stage 4:

If no payment is received providing you with advice on next steps (for enforcement) and likely costs

£400 to £600

£10,000 to £50,000Stage 1:

Take initial instructions
Review of Documents
Undertaking appropriate searches
Drafting Pre-action Letter of Claim
Accounting to you if payment received

£1,200 to £2,400

Stage 2:

Drafting and Issuing a claim

£600 to £900

5% of the value of the claim£1,000 to £3,000
Stage 3:

Applying for Default Judgment (where no Acknowledgement of Service or Defence is filed/served)
Accounting to you if payment received

£200 to £300

Stage 4:

If no payment is received providing you with advice on next steps (for enforcement) and likely costs

£800 to £1,600

£50,000 to £100,000Stage 1:

Take initial instructions
Review of Documents
Undertaking appropriate searches
Drafting Pre-action Letter of Claim
Accounting to you if payment received

£1,200 to £4,800

Stage 2:

Drafting and Issuing a claim

£800 to £2,400

5% of the value of the claim£5,000 to £7,000
Stage 3:

Applying for Default Judgment (where no Acknowledgement of Service or Defence is filed/served)
Accounting to you if payment received

 

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.

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Our offices are open from Monday to Friday from 9 am to 6 pm.

Phone:0800 437 0322
Fax:020 7388 2106
Address:Hodge Jones & Allen Solicitors
180 North Gower Street
London
NW1 2NB