Debt Recovery

Debt Recovery Details


Debt recovery: fixed fees £1500
Undisputed business to business debts

Court Claims:
These fees are applicable if your claim relates to an undisputed invoice that has not been paid and no enforcement action is required. If the opposing party disputes your claim at any point, we will discuss the additional work required and, if necessary, give you revised cost advice. This revised advice may be based on a fixed fee (for instance, if a one-time letter is needed) or an hourly rate, depending on the extent of the additional work.

Please check the table below for estimated costs

Debt Value Court Fee Our Fee (per daily court attendance) Total
Up to £5,000 £205 £850 £1055
£5,001 - £10,000 £455 £850 £1305
£10,001 - £50,000 5% value of the claim £850 (or 5% value of the claim if in excess of the £850) £X Prices subject to change

Anyone intending to pursue a claim should be aware of the following:

  • Our fee's VAT component cannot be recovered from your debtor.(We are not VAT registered.) Figures are exclusive of disbursements
  • The debt may move into a higher banding with a higher cost due to interest and compensation.
  • The expenses listed above do not apply to situations when a bailiff or other enforcement measure is required to recover your debt.

Our fees are inclusive of:

  • Following your guidelines and looking over the documentation.
  • Conducting the necessary searches, letter-before-action protocol.
  • Getting paid and forwarding it to you, or, if the debt is not settled, creating and submitting a claim.
  • Requesting the court to enter a judgement in default when neither an acknowledgement of service nor a defence is received.
  • When you get a judgement in default, contact the other party in writing to request payment.
  • Advising you on next measures and potential costs if payment is not received within X days.
Depending on whether a claim needs to be filed, matters typically take 20weeks from the receipt of instructions from you to the time the other side sends receipt of payment. This is predicated on the premise that the other side pays immediately after receiving a default judgement. It will take longer to remedy the issue if enforcement action is required.

Disbursement Provisions:

Disbursements according to our usual terms of business may be charged to you. Printing, photocopying, files, folders, dividers provided by HDOCS, any other HDOCS expenses, CDs, DVDs, agency fees, bank fees, and attorney fees are among them; we will advise you in advance of these costs.
There are restrictions on the amounts you can recover from your debtor, and they might be lower than our fees and expenses.
Disbursements are expenses associated with your case that must be paid to third parties, including court costs, counsel’s fees, fees for medical or other experts in preparing reports and carrying out your instructions and any other actions made on your behalf for the advancement of your case. To make the procedure go more smoothly, we take care of paying the disbursements on your behalf.
Disbursements are a common part of legal cases, therefore it's critical to clarify how they work and why we bill for them. A "disbursement" is an expense made that is required to advance the matter on which you gave us your instructions.
We make an effort to notify you in advance of the disbursement expenses you can anticipate paying and the justification for them. If there are any modifications, we inform you and describe why they are required.
You will be charged for any expenses at cost; we do not add any further costs to them. Disbursements are often non-refundable to our client once we have already made the payment to the third party.
The majority of payments are made initially from our office bank account, and we later ask you to reimburse us. Sometimes, such as when it comes to court expenses, we ask that you pay a disbursement to us in advance of it being paid.
In our interim and final invoices, or in the final completion statement, we give you an account of the disbursement payments.
Sometimes, disbursements end up costing less or more than expected. If you paid us in advance for the disbursement, we will reimburse you as part of our final invoicing, or if they ended up costing more, we will ask for a balancing payment.

If you have any questions, do not hesitate to get in touch with the solicitor listed in your client care letter who is operating on your behalf; at Stella Maris Solicitors LLP this will be John Komolafe. We will always be upfront with you about the disbursements and charges we pay on your behalf.