DEBT RECOVERY

For Small Business Pricing

Debt valueCourt feeOur fee (incl. VAT)Total
Up to £5,000Up to £205 or £185£750 (£150 VAT)£1,105
£5,001 – £10,000£455 or £410£1,500 (£300 VAT)£2,255
£10,001 – £100,0005% or 4.5% value of the claim25% value of the claim (incl. VAT)£Court fee + our fee
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.
https://www.gov.uk/make-court-claim-for-money/court-fees

Denotes the fee for a claim if issued electronically through Money Claim On-Line

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 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 28 days, providing you with advice on next steps and likely costs

Matters usually take 2 – 28 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.

Please note, our fees do not include possible disbursements.  Possible disbursements include: 

Court fees (up to £410 or 5% of the claim, depending on the amount of the claim)

Representatives fees

Process service fees

Official receiver deposit

Disbursements may vary and we will advise you on the estimated cost at the start of your matter. Please note, disbursements may include VAT at the rate of 20%. We will also advise you on this at the start of instruction. 

Our Debt Recovery Team/Individual Details

Gabriel Enuezie – Managing Partner

Gabriel is the head of the debt recovery team. Gabriel qualified as a Solicitor in 2007 and has gained over 11 years’ experience in dealing with debt cases. Gabriel has successfully dealt with debts cases for small business and has helped advised small businesses on securing quick payment of debts.

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CONTACT INFORMATION

enquiries@chancerywestlaw.com

0203 137 1171

Chancery West Law Solicitors
Colchester Business Centre
1 George Williams Way
Colchester
Essex  CO1 2JS