Our range of fixed fees for a business to business debt that is undisputed.
Court Claims
These costs apply where your business 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 (incl. VAT) |
Total |
|
Up to £5,000 |
£35 - 205 |
£1,000 (£1,200 inclusive of VAT) |
£1,235 – 1,405 |
|
£5,001 - £10,000 |
£455 |
£2,500 (£3,000 inclusive of VAT) |
££3,455 |
|
£10,001 - £50,000 |
5% value of the claim |
£5,000 (£6,000 inclusive of VAT) |
£TBC |
|
£50,001 - £100,000 |
5% value of the claim |
£7,500 (£9,000 inclusive of VAT) |
£TBC |
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from your debtor.
- Interest and statutory 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, when payment is received
- 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 for enforcement and likely costs
Matters usually take 1 – 3 months from receipt of instructions from you to receipt of payment from the other side, depending on whether it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgement in default and presuming that there is no delay in the Court issuing your claim, if submitted
If enforcement action is needed, or the other side makes an application to set aside the judgement, the matter will take longer to resolve.
Contact Lewis Nedas today
For more information regarding our services and funding, please call us on 020 3811 4042
