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Newport Office - 01633 251801

Pontypool Office - 01495 763333

Commercial debt recovery fees

December 6, 2018

Fixed Fees for Commercial Debt Recovery

 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 need.

Anyone wishing to proceed with a claim should note that:-

Stage 1 Costs

DEBT VALUE                                  OUR FEE (including VAT)

Up to £5,000.00                                  £300.00

Over £5,000.00                                   £400.00

 Our Fee includes:

Stage 2 Costs

If at the end of Stage 1 your debt is not paid, our Stage 2 costs include:

DEBT VALUE                      COURT FEE             OUR FEE (including VAT)

Up to £300.00                         £25.00                                     £200.00

£301 – £500                             £35.00                                     £200.00

£501 – £1000                           £60.00                                     £250.00

£1001 – £1,500                        £70.00                                     £250.00

£1,501 – £3,000                       £105.00                                   £300.00

£3,001 – £5,000                       £185.00                                   £300.00

£5,001 – £10,000                     £410.00                                   £300.00

£10,001 – £100,000                 4.5% of value of claim            £300.00

£100,001 – £200,000               5% of value of claim               £400.00

Greater than £200,000             £10,000.00                              £400.00

Matters usually take 2 months from receipt of instructions to 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 in default. If enforcement action is needed, then a matter will take longer to resolve.