Paytons solicitors

Stan and Kirsty have dealt with many money claims and can help you recover monies owed to your business from another business.

 

Example of our fees for debt collecting on behalf of businesses

The following 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.

Debt Value Court fee Our fee
Up to £5,000 £35 to £205 £400 plus VAT
£5,001 to £10,000 £455 £500 plus VAT
£10,001 to £50,000 5% of the claim Between £600 to £750 plus VAT
£50,001 to £200,000 5% of the claim £1,000 plus VAT

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
  • Sending a Letter before Action (a necessary pre-action step)
  • Undertaking appropriate searches
  • 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 7 days, providing you with advice on next steps and likely costs

Matters usually take approximately 2 to 8 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.

The costs information given on this website is general. You will be given more precise and personalised information later once we are aware of all the circumstances of your matter.

Please note we may have to revise our fee estimate if exceptional circumstances arise in your matter.

Service team

Stan Ginn

Consultant

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Kirsty Dance

Partner

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