Debt recovery: our fees explained

Court claims

These costs apply where your claim relates 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. This 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 (excl. VAT)	Total (excl. VAT)
Up to £300	£35	£500	£535
£300-£500	£50	£500	£550
£500-£1,000	£70	£500	£570
£1,000-£1,500	£80	£750	£830
£1,500-£3,000	£115	£750	£865
£3,000-£5,000	£205	£1,500	£1,705
£5,001-£10,000	£455	£2,000	£2,455
£10,001-£200,000	5% value of the claim	£3,500-£5,000	£court fee dependant
£200,000 upwards	£10,000	£5,000-£8,000	£15,000

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
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

Matters usually take three to six months 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 a judgement in default. If enforcement action is needed, the matter will take longer to resolve.

Find out how Switalskis can help you

If you’re looking to navigate the complexities of business law with a trusted legal partner by your side, get in touch with Switalskis today. Call us on 0800 138 0458 or contact us through the website.