What does it cost?
In our experience most debtors pay up on the first letter and so we offer a fixed
fee to open the file, review the outstanding debt and send off the
initial letter. If this does not work then we offer two options for how
to proceed.
Our rates are as follows:
A) First letter (to include taking instructions, reviewing outstanding invoices and opening file)
Fixed fee of £50.00 together with VAT.
B) Option One
Fixed fee (to include pursuing debt through County Court proceedings
and/or preparing a statutory demand for payment but excluding any
enforcement proceedings or defending a counter claim)
Claims up to £5,000 fixed fee of £250.00 together with VAT & disbursements
Claims up to £10,000 fixed fee of £500.00 together with VAT & disbursements
Claims up to £20,000 fixed fee of £750.00 together with VAT & disbursements
Claims over £20,000 fee to be agreed depending upon complexity of matter.
C) Option Two
No Win, No Fee option (pre litigation)
If we do not recover the debt then there is no fee, save for any
disbursements incurred. If we do recover then we charge a percentage of
the debt recovered. We are able to offer this service to our clients in
all matters up to the issue of County Court proceedings. At that point
we would revert to the fixed fee option above.
Claims up to £15,000 we charge 10% of sum recovered together with VAT & disbursements
Claims up to £20,000 we charge 12.5% of sum recovered together with VAT & disbursements
Claims over £20,000 we charge 15% of sum recovered together with VAT & disbursements
We are always happy to agree alternative charging arrangements for bulk debt collections.
Click to contact us on line or call us now on 0161 431 3136
