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Debt Recovery

Range of fixed fees for a business to business debt that is undisputed

Court Claims

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.

 

Debt value

Court fee

Our fee (excluding. VAT)

Total

Up to £5,000

£35 - £205

£250 (excluding VAT)

£285 - £455 +VAT

£5,001 - £10,000

£455

£250 (excluding VAT)

£705 +VAT

£10,001 - £50,000

5% value of the claim

£250 (excluding VAT)

£500.01 - £2,750 +VAT

 

 

Our fee includes

  • Initial appointment - £100 +VAT
  • Letter of claim (cost per debt) - £50 +VAT
  • Preparing Particulars - £100 +VAT

 

Anyone wishing to proceed with a claim should note that:

  • You may not recover all of your costs from the debtor even if successful, in particular;
  • 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 21 days, providing you with advice on next steps and likely costs

Matters usually take 1 – 12 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 Judgement in default. If enforcement action is needed, the matter will take longer to resolve.

BHP Law have in place financial arrangements with various introducers for most areas of work whereby we pay to the introducer a “referral fee”.  The referral fee is included in the fees quoted to you (it is not an additional fee payable by you).   If the work we carry out on your behalf is introduced to us by one of the referrers we have a financial arrangement with, you will be informed both by the introducer and also by ourselves when we send our terms of business to you after receiving your instructions to act for you.   The referral fees for the arrangements we currently have in place with introducers are either a fixed amount ranging from £45 to £200 or a percentage of our costs which is 15%.

 

The debt recovery team has over 20 years of collective experience in delivering high quality work in all matters relating to debt recovery.

We have 3 members of the team who may work on your matter. Regardless of who works on your matter, they will be supervised by Phil Masters, Associate and head of Dispute Resolution.

Phil Masters – Associate

Phil is the head of our team and has over 12 years experience in dispute resolution, for 8 years Phil has been an Associate. Phil qualified as a Solicitor in 2009 after completing the Exempting Law Degree at Northumbria University, he then went on to complete his Training Firm at a Local Firm before joining BHP Law in 2015.

Rosie Woodward – Litigation Executive

Rosie joined BHP Law in 2010 and has been working in our Dispute Resolution team ever since. Rosie has 14 years of legal experience, 8 of which are in Civil Litigation. Rosie graduated from the Institute of Chartered Legal Executive in 2018.

Josh Fraser – Paralegal

Josh completed his LLB Honours degree at Newcastle University in 2017. Josh has 2 years legal experience and has quickly developed an in-depth understanding of debt recovery.

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