Business Debt Legal Fees
Range of fixed fees for a business to business debt that is undisputed
Court Claim Legal Fees
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.
Speak to us today on: 01274 404010
Range Of Costs
The fees paid to both the courts and our firm vary depending on the size of your claim and the debt value, as set out below:
- up to £5,000 | Court Fee £35-£205* | Our fee £500 + VAT £100.
- £5,001 – £10,000 | Court Fee £455 | Our fee £1,000 + VAT £200.
- £10,001 – £50,000 | Court Fee 5% of the value of the claim | Our fee 10% of the value of the claim + VAT at 20% of our fee.
*The Court fee for claims up to £5000 depends on the amount of the claim. Details can be found here
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 it to you, or if the debt is not paid, drafting and issuing the claim
- Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in default
- When Judgment in default in received, write to the other side to request payment
- If payment is not received within 28 days, providing you with advice on next steps and likely costs
Matters usually take 12-26 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 Judgment.