Debt Recovery Pricing

Debt Recovery Pricing

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

Court Claims

Our fees 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 fees 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.

Our fees* for each stage of the process are:

Stage 1

Initial meeting and advice

£125 plus VAT

Stage 2

Pre-action letter of claim

£175 plus VAT

Stage 3

Drafting particulars of claim and issuing claim form

£350 plus VAT

Stage 4

Application to Court for Judgement in Default

£175 plus VAT

Total

 

£825 plus VAT

*Our fees are exclusive of disbursements, such as court fees (details of which can be found at https://www.gov.uk/make-court-claim-for-money/court-fees).

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 fees at each stage, include:

Taking your instructions and reviewing documentation

Undertaking appropriate searches and researching debtor

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 2-10 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 Judgement in Default. If enforcement action is needed, the matter will take longer to resolve.

Talk to one of our advisors

0191 456 0281

Make an enquiry





Testimonials

Prev
Next
  • "PGS Law have been the only solicitors we have used since 1974 and over the years we have recommended them to all our family and friends for the simple reason that we think you are the best and we know that we are in safe hands".

 

  • "It has been a difficult and complex case which you dealt with the upmost professional approach. We also felt we were treated with empathy and understanding considering such horrific circumstances. Tony Ward became someone we put all of our trust in and we were able to pick up the phone even when we were at our lowest point. We will always be grateful."

  • "Having been a client of the firm all my life, I have always been extremely satisfied with the level of service I have received and would recommend the firm to anyone needing legal representation".

  • "Appointment arranged at short notice. Everything was explained clearly and I was pleased with the outcome and advice received".