Fees Information for Debt Recovery of up to £100,000
We charge these fees on a fixed-fee basis.
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 will be on a fixed fee.
| Debt Value | Court Fee | Fee |
| Up to £5,000 | As per the Court (usually between £35 and £205, no VAT applicable) | £1,500.00 + VAT |
| Between £5,001 and £10,000 | As per the Court (usually £455, no VAT applicable) | £3,000.00 + VAT |
| Between £10,0001 and £100,000 | As per the Court (usually 5% of the total value of the Claim, no VAT applicable) | £4,000.00 + VAT, or 25% of the value of the claim + 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 (and the expected key stages are):
- Taking your instructions and reviewing documentation
- Undertaking appropriate searches
- Sending a letter before action
- Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
- 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 14 days, providing you with advice on next steps and likely costs
It does NOT include any Court attendances or advocacy, if so required. These are charged separately.
Matters usually take 1-13 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 on how long the Court takes to process the application, if this is needed. 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.
Information about VAT
VAT is a tax we are obligated to collect on behalf of and for the UK Government. It is calculated as a percentage of the service that we charge to you and is added on top of our fee.
The current rate is 20%. This means that if our fee is £1,000, you will need to add 20% of £1,000 (this is £200) on top for the entire fee (£1,200 including VAT).
What our fees do not include
The fees do not include the following:
- Individual Travel Expenses,
- Further Conferences,
- Additional Contact and Correspondence,
- Printing of Papers,
- Scanning of Documents
- Any disbursements as listed below
Disbursements
Disbursements may include:
- Expert Reports,
- Attendance by Experts for Evidence,
- Court Fees,
- Court Fines,
- Any other expenses associated with the case not otherwise specified above
- Printing and production of hard copy papers,
- Courier services,
- Translators,
- External Counsel’s fees
Who may be allocated to prepare your case
They can be anyone from our team page, but will generally from the below list:
Abbas Lakha KC
Abbas Lakha KC has been ranked in Chambers for 17 years. You can click on the badges to be shown his profile in the directories.
“Abbas Lakha KC got me through my proceedings with his expertise, professionalism and constant communication. Abbas is approachable, constantly available on a daily basis and responded directly to my questions promptly and professionally and allayed any concerns.”Abbas Lakha KC is regarded as one of the most accomplished advocates of his age, having taken Silk at 40, and is experienced at the highest level of the Criminal Bar. He has a wide-ranging practice covering serious crime, regulatory work, asset forfeiture and money laundering. He increasingly appears in the High Court and Tax Tribunals. He is rated in Chambers UK and Legal 500 directories as a leader in the fields of international crime, murder, terrorism, financial crime and asset forfeiture and is noted for his detailed preparation, incisive examination and strong jury advocacy. Abbas is a voice of expertise in International Fraud & Asset tracing as demonstrated by his contributions to the Chambers guide; his insight is relied upon in the legal community. You can read more about his articles here.-MAF