Our experienced debt recovery specialist is able to assist you in bringing debt recovery claims. When acting in such matters costs are calculated based on our hourly fee rates. The total cost of your matter will depend upon the complexity however below are the average ranges for simple, medium, and high complexity matters.
Simple matters: £320 to £640 plus VAT (currently 20%)
Medium complexity case: £960 to £2,000 plus VAT (currently 20%)
High complexity case: £2,000 to £6,000 plus VAT (currently 20%)
Please note that the VAT element of our fee cannot be reclaimed from your debtor.
The above costs would include:
There are a number of factors that could make matters more complex and therefore increase cost. These could include, but are not limited to:
As costs are calculated on our hourly rate there are also a number of factors that could decrease costs such as:
There are a number of disbursements that you may be required to pay in addition to our costs. These could include, but are not limited to:
The average timescale for a debt recovery matter will depend upon a number of variables including the ability to serve the Debtor and the Court availability but will take on average between 3 months and 2 years.
Debt recovery specialist
John Polsue is a Consultant based in London and has 39 years of post-qualification experience in guiding clients on debt recovery matters. For a detailed profile of John, click on the link here.
For more information
For more information about using our professional services for debt recovery, please get in touch either by telephone, email or our website enquiry form. One of our team would be delighted to speak to you and provide you with a fixed fee bespoke to your needs.