Pricing – Debt recovery
Our specialist Solicitors provide a debt recovery service that is straightforward, effective and can help your business deal with its invoice debts. Our focus is to recover your debts on a low cost, fixed-fee basis.
Our service guarantee ensures that all instructions received before 1pm will be processed on the same working day.
Legal Proceedings (Undisputed Debts)
There are four stages to legal proceedings:
- Letter Before Action
- Issuing Legal Proceedings
- Judgment
- Enforcement
We charge a fixed-fee for Sending a Letter Before Action and Issuing Legal Proceedings based on the size of your debt:
| Claim Size (£) | Court Fee (£) | Palmers charges (£) (Plus VAT) | |
|---|---|---|---|
| Letter Before Action | Issue Legal Proceedings | ||
| Up to 300 | 35 | 100 | 200 |
| 301-500 | 50 | 100 | 200 |
| 501-1,000 | 70 | 200 | 300 |
| 1,001-1,500 | 80 | 200 | 300 |
| 1,501-3,000 | 115 | 200 | 400 |
| 3,001-5,000 | 205 | 200 | 400 |
| 5,001-,10,000 | 455 | 200 | 400 |
| 10,001-50,000 | 5% of the claim | 300 | 600 |
| 50,001-100,000 | 5% of the claim | 600 | 800 |
| 100,000+ | Please contact us for pricing information | ||
Upon entering Judgment, we charge £65.00 plus VAT for debts under £5,000 and £80.00 plus VAT on debts over £5,000.00. The cost of enforcement will be agreed with you in advance, should it be necessary.
Whilst this is still covered under our “Pricing – Commercial Debt Recovery”, if the debtor is a sole trader or an individual, the Pre-Action Protocol for Debt Claims will apply which means we are unable to send out a standard Letter Before Action and must give the sole trader or individual 30 days to respond to the Letter of Claim.
Enforcement
| Enforcement Option | Our Charges (£) (Plus VAT) | Petition Deposit | Court Fee (£) | Process Server Fee (£) (Plus VAT) |
|---|---|---|---|---|
| Application for an Order that the Debtor attends Court for questioning | 300 | – | 65 | 100-200 |
| Application for a Charging Order over single property and service ** | 750-1,000 | – | 131 | – |
| Application for Warrant of Control (Bailiffs) over Assets for County Court Matters*** | 250 | – | 91 | – |
| Application for Warrant of Control (County Court Bailiffs) over Money for County Court matters*** | 250 | – | 143 | – |
| Application for Warrant of Possession (County Court Bailiffs) for County Court matters*** | 250 | – | 143 | – |
| Application for a Writ of Control (recovery of money) Writ of Delivery (recovery of goods) or Writ of Possession (recovery of Land) for High Court Matters. (For Transfer up from County Court Judgments there may be additional costs.) | 250 | – | 80 | – |
| Application for Attachment of Earnings Order and service | 500 | – | 131 | 100-200 |
| Application for an Interim Third Party Debt Order and service | 500 | – | 131 | 100-200 |
| Final Third Party Debt Order and service | 250-500 | – | N/A | – |
| Statutory Demand | 750-1,000plus VAT and disbursements. (Cost includes the Preparation of the Statutory Demand and Personal Service. Does not include the costs of an application for alternative service if Personal Service cannot be made) | – | – | 100-200 plus VAT and disbursements |
| Bankruptcy Petition* | 1,500 plus VAT and disbursements. | 1,500 | 332 | 100-200 plus VAT and disbursements |
| Winding Up Petition**** | 1,500 plus VAT and disbursements. (Cost includes the Preparation of the Petition and Personal Service. Does not include the cost of an application for alternative service if Personal Service cannot be made) | 2,600 | 332 | 100-200 plus VAT and disbursements |
*Not inclusive of our fees/Counsel’s fees in attending any hearing (if necessary), Official Copies of the Land Registry entry for the property being charged at £6.00-£10.00 per document ,or any other necessary disbursements. If the Judgment Creditor wishes to register the Interim Charging Order at Land Registry additional costs and disbursements will be incurred.
**If the Judgment Creditor wishes to register the Interim Charging Order at Land Registry additional costs and disbursements will be incurred.
***If enforcement is unsuccessful, a Compliance Fee of £75.00 plus VAT (£90.00) is payable to the Bailiffs.
**** Not inclusive of Counsel’s fees in attending any hearing, the cost of publishing an insolvency notice in the Gazette at £82.00 plus VAT disbursements.
All costs assume that the enforcement process is undefended by the Judgment Debtor.
If an invoice becomes defended or disputed either (i) after sending a Letter Before Claim or (ii) after Issuing Proceedings, such defended or disputed claims will be charged by Palmers Solicitors on a time spent basis and additional court fees may be payable. We will discuss such costs with you at the relevant time and before proceeding further. A case will become defended and/or disputed when the debtor challenges payment of your invoice(s) for any reason.
