Excello Law Debt Recovery services pricing
Description of service
Debt recovery for businesses up to the value of £100,000.00 in respect of invoices issued for works done, services rendered and/or goods supplied and/or delivered.
Letter before action
Claims against companies, LLPs and partnerships: £25.00 per letter + VAT
This is irrespective of the amount of the debt claimed and goes by post and email (if an email address is available). The debtor would usually – depending on the instructions received – be requested to discharge the debt within 14 days in default of which they are notified in the letter that further action would be taken including if appropriate the issue of winding up proceedings.
Claims against individuals: the price for each letter of claim will be the amount of statutory late payment compensation in force at the date of the date of the letter + VAT and will be sent by first class post with the prescribed response pack. This gives the individual debtor the required 30 days from receipt of the letter to respond.
Issue of County Court Proceedings
| Debt Amount |
Solicitor’s Costs (excl. VAT) |
Court Fee | Total | Debtor’s Contribution (if recovered) |
Net Cost |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| 25.01 – 300.00 | 105 | 35 | 140 | 85 | 55 |
| 300.01 – 500.00 | 110 | 50 | 160 | 100 | 60 |
| 500.01 – 1000.00 | 150 | 70 | 220 | 140 | 80 |
| 1000.01 – 1500.00 | 170 | 80 | 250 | 160 | 90 |
| 1500.01 – 3000.00 | 180 | 115 | 295 | 195 | 100 |
| 3000.01 – 5000.00 | 225 | 205 | 430 | 305 | 125 |
| 5000.01 – 10000.00 | 260 | 455 | 715 | 555 | 160 |
| 10000.01 + | By Agreement | 5% to a maximum of £10,000.00 |
– | Court Fee plus £100.00 | – |
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.
Anyone wishing to proceed with a claim should note that:
- The VAT element of our fee cannot be reclaimed from your debtor – the recoverable costs include any VAT element that is recoverable
- Interest and compensation may take the debt into a higher banding, with a higher cost.
- The costs quoted above are not for matters where judgment is required to be entered or enforcement action, such as the bailiff, is needed to collect your debt.
Our fee in respect of issuing proceedings includes:
- Taking your instructions and a brief review of documentation but not advice as to the merits of your claim
- Drafting and issuing claim
- Receiving payment and sending onto you where it is sent to us
- If payment is not received within 14 or 28 days after issue and service of proceedings providing you with advice on next steps as per the tables below
Matters usually take between 2 and 4 weeks from the issue and service of proceedings by the Court to receipt of payment from the other side assuming that they pay without the need to obtain judgment, depending on whether or not the debtor files an acknowledgement of the proceedings indicating a wish to defend the proceedings and the time that it takes the Court to process the various stages of the process. If enforcement action is needed, the matter will take longer to resolve and additional costs and fees as set out below will be incurred by you.
Judgment together with Enforcement by High Court Enforcement Officer or County Court Bailiff – additional costs
a) Where judgment entered in default of acknowledgement of service being filed and enforcement by execution is commenced.
| Judgment Amount | Solicitor’s Costs (excl. VAT) |
Court Fees | Total | Debtor’s Contribution (if recovered) |
Net Cost |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| 25.00 – 600.00 | 75 | 130 | 205 | 154.25 | 50.75 |
| 600.01 and above | 150 | 71.00* | 222 | 144.75 – 152.75 | 68.25 – 76.25 |
* excludes High Court Enforcement Officer’s fees in event of non-recovery – usually £100.00 plus VAT per address approximately.
b) Where judgment entered in default of defence being filed and enforcement by execution is commenced.
| Judgment Amount | Solicitor’s Costs (excl. VAT) |
Court Fees | Total | Debtor’s Contribution (if recovered) |
Net Cost |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| 25.00 – 600.00 | 78 | 130 | 208 | 157.25 | 50.75 |
| 600.01 and above | 155 | 71.00* | 226 | 147.75 – 157.75 | 68.25 – 78.25 |
* excludes High Court Enforcement Officer’s fees in event of non-recovery – usually £100.00 plus VAT per address approximately.
Judgment entered on an admission and instalments proposed by the Debtor
a) Where judgment entered on an admission and debtors proposals for payment of the debt are accepted, i.e. no enforcement measures and rate of instalments agreed.
| Judgment Amount | Solicitor’s Costs (excl. VAT) |
Court Fees | Total | Debtor’s Contribution (if recovered) |
Net Cost |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| 25.00 – 5000.00 | 70.00 | N/A | 70 | 40 | 30 |
| 5000.01 and above | 85.00 | N/A | 85 | 55 | 30 |
b) Where judgment entered on an admission and court decides rate/time for payment i.e. no enforcement measures and court decides rate of instalments to discharge the debt on paper.
| Judgment Amount | Solicitor’s Costs (excl. VAT) |
Court Fees | Total | Debtor’s Contribution (if recovered) |
Net Cost |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| 25.00 – 5000.00 | 90 | N/A | 90 | 55 | 35* |
| 5000.01 and above | 110 | N/A | 110 | 70 | 40* |
* additional costs will be incurred at the hourly rate of the fee earner or at the agent’s rate and the cost of instruction if a hearing takes place and attendance is necessary.
Judgment obtained by readiness for other enforcement methods
a) In default of acknowledgement of service.
| Judgment Amount | Solicitor’s Costs (excl. VAT) |
Debtor’s Contribution (if recovered) |
Net Cost |
|---|---|---|---|
| £ | £ | £ | £ |
| 25.00 – 5000.00 | 40 | 22 | 18 |
| 5000.01 + | 50 | 30 | 20 |
b) In default of defence.
| Judgment Amount | Solicitor’s Costs (excl. VAT) |
Debtor’s Contribution (if recovered) |
Net Cost |
|---|---|---|---|
| £ | £ | £ | £ |
| 25.00 – 5000.00 | 43 | 25 | 18 |
| 5000.01 +
|
55
|
35
|
20
|
Enforcement by bailiffs after a failure by the debtor to honour an instalment arrangement once judgment has been obtained
| Balance of Judgment Amount Due | Solicitor’s Costs (excl. VAT) |
Court Fees | Total | Debtor’s Contribution (if recovered) |
Net Cost |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ |
| 25.00 – 600.00 | 50 | 130 | 180 | 132.25 | 47.75 |
| 600.01 and above | 120 | 71.00* | 191 | 122.75 | 68.25 |
* excludes High Court Enforcement Officer’s fees in event of non-recovery – usually £100.00 plus VAT per address approximately
Charging order over debtors property
| Court Fee | £119.00 |
| Solicitor’s costs for submitting application: | £275.00 plus VAT and disbursements |
| Solicitor’s costs for attendance: | If attendance at a hearing is required that will be by agents or by this firm and will be charged at the appropriate hourly rate and travel costs both plus VAT. |
| Estimated disbursements: | |
| Land Registry Fee | £50.00 approx. |
| Office Copy Fee | £10.00 approx. |
| Costs anticipated being added to the judgment debt and security (including disbursements and VAT) are estimated at £275.00 under the County Court Rules assuming a successful Charging Order is obtained.
|
|
Attachment of Earnings Order
| Solicitors costs (assuming no attendance at court) | £300.00 plus VAT + disbursements |
| Estimated disbursements: | |
| Court Fee | £119.00 approx. |
| The Court fee only is added to the Judgment debt and recoverable from the Debtor assuming an order is made. If attendance at a hearing is required that will be by agents or by this firm and will be charged at the appropriate hourly rate and travel costs both plus VAT. | |
Notes
- Fees involved in, for example, chasing the Debtor about instalments and accounting to you periodically with instalments will be charged in addition to the fees shown above at the rates currently prevailing for the fee earner dealing with this matter.
- In event of non-recovery the amount payable is that set out in the “Total” column (or columns added together) and any costs of enforcing the judgment, plus VAT as appropriate, together with any High Court Enforcement Officer or bailiff’s fees, any company search cost, and any other disbursements.
- The Fees quoted assume service of proceedings by the Court unless otherwise stated.
- Other enforcement measures are available and we will be happy to discuss these with you and the costs involved
- It is imperative that you notify us immediately of any payments received by you and the date you received the same BEFORE banking/accepting the same.
- It is also imperative that you contact us before agreeing any reduction in the claim as interest, costs and late payment compensation will be claimed by us on your behalf.
- The fees are calculated on the amount claimed by you and not the amount recovered
Issue and Service of Statutory Demand under Insolvency Act 1986
| Service by post | |
| Solicitors costs | £180.00 plus VAT |
| Service by Enquiry Agent (recommended) | |
| Solicitors costs | £200.00 plus VAT |
| Enquiry Agents fees
|
£100.00 (approx.) plus VAT
|
Issue and Service of Bankruptcy and/or Winding up Petitions under Insolvency Act 1986
Estimates can be provided for the issue and service of Bankruptcy and/or Winding up Petitions in individual cases including attendances at the hearings upon request.
There are a number of significant court fees etc. associated with insolvency proceedings and as an approximate guide only these are as follows:
Bankruptcy of individuals
| Petition fee | £302.00 |
| Official Receiver’s deposit | £1,500.00 |
| Local bankruptcy search | £45.00 (approx.) |
| Pre-bankruptcy London search | £50.00 plus VAT (approx.) |
| Process server | £100.00 per attempt at service plus VAT (approx.) |
| Agent’s fees (if non-local Court) | £140.00 plus VAT per attendance at Court (approx.) |
Winding up of companies/partnerships/LLPs
| Petition fee | £302.00 |
| Official Receiver’s deposit | £2,600.00 |
| Process server | £100.00 per attempt at service plus VAT (approx.) |
| Agent’s fees (if non-local Court) | £140.00 plus VAT per attendance at Court (approx.) |
| London Gazette
|
£100.00 plus VAT (approx.)
|
Attendance at Creditors Meetings
| Solicitors costs | nil |
| Disbursements | travel charged at 45p plus VAT per mile and parking cost plus VAT |
Attendance will be by a representative of this firm or a nominated representative from a firm of insolvency practitioners in person or by proxy.
Experience and qualification of Excello Law lawyers involved in debt recovery
Please click on the lawyer profile to see their full biography. Our debt recovery lawyers have an average of more than 15 years’ experience in this area since qualifying.