Efficient cashflow and prompt payment of debts is vital to most organisations – particularly small and medium sized businesses. When dealing with debt we believe that time is key – if you fail to act quickly you could find that the prospects of obtaining payment diminish, or you risk becoming one of many creditor with poor prospects of recovery.

Our Debt Recovery team have experience at all stages of the claims process with debts of all values. We can accept single instructions, alternatively for businesses that have large numbers of debtors we can facilitate bulk claims and can discuss preferential rates for this work.

Stage 1 – Letter before claim

Where the debtor is a consumer we can issue a letter before claim (that complies with the pre-action protocol on debt claims) for £12 + VAT

Where the debtor is a business we can issue a letter before claim for £10 + VAT

Stage 2 – Issuing a claim

Our fees for issuing a claim are as follows:

Value of claim

Bingham’s Fee (inc Vat)

Court Fee

Up to £300.00

£55

£25

£301 – 500.00

£75

£35

£501 – 1,000

£125

£60

£1,001 – 1,500

£180

£70

£1,501 – 3,000

£240

£105

£3,001 – 5,000

£320

£185

£5,001 – 10,000

£400

£410

£10,001 – 15,000

£475

4.5% of Claim Value

£15,001 – 200,000

£650

4.5% of Claim Value

 

If the claim is not defended within 14 days, or 28 days if an acknowledgment of service is filed, we will request default judgment which will cost £24.00 (inc.VAT)

If the Defendant(s) file a defence to your claim we will work with you in order to progress your claim, such work will be at an additional cost and this will be communicated to you at the point of engagement.

Stage 3 – Enforcement

Upon judgment being obtained we can work with you in order to enforce the same, some of the most common methods of enforcement and the applicable fees are set out below:

Action

Bingham’s Fee (inc Vat)

Other Fees

High Court Enforcement

£18.00

£60 Court Fee

£90 Fee if unable to enforce

Issue Statutory Demand against company

£120

Up to £120 for process server

Bankruptcy petition

£500

Please contact us for latest fees

Attachment of earnings order (no court attendance)

£100

£110 Court Fee

Attachment of earnings order (one court attendance)

£180

£110 Court Fee

£60 Agent Fee

Charging order

£200

Please contact us for latest fees

Third-party debt order (no hearing)

£150

£110 Court Fee

 

Third-party debt order (one court attendance)

 

£220

£110 Court Fee

£60 Agent fee


The Debt Recovery team at Binghams can also advise on international tracing and recovery where necessary, the fees for this will be discussed with you prior to engagement and will depend upon the jurisdiction and level of work involved.


If you wish to contact us, you can call us on 0151 630 7171 or use the online form below