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Debt Recovery – Pricing

Unpaid debt can adversely affect your business due to reduced cash flow. This creates uncertainty and in turn can prevent payment of money to third parties.

It is vital for any business to ensure that payment is provided to you on your terms through your Terms and Conditions of Business. For debt recovery advice tailored to you, please call our specialist team on 020 8939 4015 or 020 8939 4019.

The debt recovery team at Carter Bells is experienced, cost effective and efficient. At Carter Bells we handle all debt collection claims, both uncontested and disputed. For uncontested debt cases, we work on a fixed-fee basis to deliver excellent value for money. Our debt recovery team is supported by specialists in our dispute resolution team.

Our Dispute Resolution Solicitors:

The type of debt collection work that we have handled on hundreds of occasions in the past includes:

  • unpaid invoices
  • unpaid contract work
  • unpaid service charges
  • unpaid ground rent

These include claims against all entities including companies, partnerships, individuals and clubs for unpaid debt.

What does it cost?

The costs set out below only apply to unpaid debts which are uncontested.

If at any time the claim is contested, you will be provided with a revised costs estimate.

Uncontested Claim – Fixed Fee

Debt Value (including interest) Court Fee (NB: may be subject to change) Our Fee (inclusive of VAT)
Up to £5,000 Please click this link £1,800.00
£5,000 to £10,000 Please click this link £2,400.00
£10,000 to £50,000 Please click this link £5,000.00
£50,000 to £100,000 Please click this link £8,000.00

The work covered includes:

  • giving you advice about your claim (please note that others may provide fixed-fees but will not give you any advice about your claim)
  • taking your instructions and reviewing documentation
  • carrying out appropriate searches
  • where appropriate, sending a Letter of Claim
  • where a claim is made and no response is provided, applying to the Court to enter what is known as ‘Judgment in Default’ (other providers will often charge an additional fee for this action)

What does our service not include?

It does not include any additional work that may be required to collect the debt, known as “enforcement proceedings”. For example, instructing the Court Bailiffs to try to recover the debt or Bankruptcy proceedings.

How long will it take?

It normally takes around twelve weeks to obtain a Judgment in Default for an undefended claim.