Timescales & Prices
We offer a mix of fixed price and hourly rate services depending on the complexity of your case. Where a fixed price does not apply, we will always provide you with a clear estimate of the costs we think you will incur in taking a particular course.
All our fixed prices assume that the debtor is based in the UK. If your debtor is based outside of the UK, we will provide you with an estimate based on the additional work likely to be involved.
For more information on the key stages of the Commercial Debt Recovery Process click here.
Letter Before Action
If a Letter Before Action (LBA) is all that is required, assuming that the debtor pays promptly on receipt of our LBA and no further negotiations are required, the matter will usually take 2 to 5 weeks from sending the LBA to receipt of payment from the debtor.
|Number of debtors per instruction||Fixed Price (per LBA)|
|1 - 10||£90 + VAT|
|11 - 20||£70 + VAT|
|More than 20||Please contact a member of our team for a bespoke package.|
We may be required to undertake searches at this stage, for example, bankruptcy searches. The cost of these is likely to be in the region of £10 per search. There is no VAT applicable.
Post LBA Negotiations
The timescale for post LBA negotiations can vary greatly depending on the debtor’s conduct and level of cooperation. However, typically it will take between 4 and 8 weeks.
Negotiations would typically cost between £450 - £1,350 + VAT based on our hourly rates, depending on the complexity of the situation.
The court expects the parties to take reasonable steps to attempt to settle matters before commencing court proceedings. However, what is ‘reasonable’ depends on the specific circumstances of the claim; we will always advise you as to the commercial benefits or otherwise of engaging in settlement discussions from a cost/benefit perspective.
Pre-Issue Assessment of Case
Depending on the complexity of your case (e.g. the issues, volume of documents/evidence etc), this stage of the process is likely to cost between £300- £1,000 + VAT based on our hourly rates.
We will likely undertake Land Registry and bankruptcy searches at this stage at a cost of around £10 to £20. There is no VAT applicable.
The timescale for pre-issue assessment is usually between 1 and 3 weeks.
Issuing money claims
Our costs for preparing the claim to the court are calculated on a fixed price basis, as set out below.
We may have to carry out searches at this point (e.g. insolvency searches) if they have not already been done as part of our pre-case assessment.
Our costs in relation to drafting the claim, including requesting a judgment on an undefended case, will be:-
|Value of Claim||Price (per claim)|
|£1 - £10,0000||£230 + VAT|
|£10,0001 - £50,0000||£290 + VAT|
|More than £50,0000||£350 + VAT|
In addition to our professional costs, a court fee is also payable to issue the claim. The current court fees are set out in the table below:
Timescale for this stage: 8 to 12 weeks.
Debtor Admits the Debt
The timescale to receipt of judgment from receipt of any admission that you accept is likely to be in the region of 2 to 5 weeks. If you disagree with the debtor’s proposal for payment, you can ask the court to set the rate based on the available information; that may or may not require the court to list a hearing.
No Court Hearing Required
If the matter can be determined by the court with without a hearing, we would typically expect it to cost in the region of £145- £500 + VAT for us to advise you on the matter and correspond with the court/debtor.
Court Hearing is Required
If a hearing is listed then, typically, we would expect it to cost between £300- £1,500 + VAT for us to advise you on the matter and correspond with the court/debtor.
The timescale to receipt of judgment from the point at which you reject the debtor’s proposal is likely to be in the region of 4 to 10 weeks.
For Small Claims cases (i.e. claims with a value of less than £10,000), we can manage your case to trial for a fixed fee (excluding disbursements) of £1,950 + VAT. It will usually take between 3 and 6 months from filing of a Defence to the final hearing.
For claims that are destined for the Fast Track or Multi Track (i.e. complex cases or those with a value of more than £10,000), we will provide you with a clear costs estimate and likely timescales on a case by case basis. Due to the complexities involved, costs and estimated time scales can only be given once we are able to establish what is involved. We will always provide a clear estimate based on the work that will be required.
The fixed prices listed below assume that the action is not contested. If the matter becomes contested or we are required to undertake any work which is excluded from the fixed price package, we will provide you with a clear estimate based on our hourly rates.
|Enforcement Type||JCP Fixed Price||Disbursements|
Searches, Land and Registry Fees
and Court Fees do not incur VAT
|Writ of Control|
(High Court Enforcement Officers (HCEO))
|£345 + VAT|
(figures quoted per property)
|£460 + VAT|
|Order to Attend Court for Questioning||£630 + VAT|
|Third Party Debt Order||£630 + VAT|
|Statutory Demand||£315 + VAT|
|Bankruptcy Order||£630 + VAT|
|Winding Up Order||£900 + VAT|
Occasionally we will advise you to instruct counsel to advise you/represent you at Court Hearings. If we do, they will provide an estimate based on the work required. VAT is usually added to counsel’s fees (depending on whether they are registered for VAT or not).
Any reference to VAT above is calculated at the standard rate for goods and services, currently 20%.