Our debt collection department has over 30 years experience dealing with a range of recovery situations, from individual debtors to sophisticated corporate debtors.
Our advice will cover a wide range of options from Litigation and Alternative Dispute Resolution to other solutions such as insolvency petitions and invoice factoring.
Basis for Charging
Our fees are calculated on an hourly basis as follows:
Grade A Fee Earner £300.00 + VAT per hour
Grade B Fee Earner £250.00 + VAT per hour
Grade C Fee Earner £200.00 + VAT per hour
Letters and telephone call items are charged at 1/10 of an hour.
Experience and qualifications of anyone carrying out the work
Our debt collection team has over 30 years’ experience acting in a wide range of debt collection matters from landlords seeking rent arrears, to companies claiming commercial debts both domestically and internationally.
We also advise on a range of solutions for companies with cash flow difficulties and we have contacts with a range of factoring agencies who may be able to assist with a more cost effective and less stressful solution if you have outstanding invoices.
Notable recent cases include an out of court settlement for the entire principal debt in excess of £200,000.00 repaid over a 6-month period.
Call us today on 020 8204 7181 to arrange an appointment to discuss your case with one of our specialist debt collection solicitors.
Description and likely cost of any disbursements or the average cost
Court issue fee is subject to change. Call us on 020 8204 7181 to arrange an appointment in which we can calculate the court fee payable in any given case.
Counsel’s fee: The word Counsel refers to barristers or solicitor/advocates who you may wish to represent you on the day of the hearing. We work closely with a range of barrister’s chambers and we will be happy to provide fee quotations for a range of barristers depending on the seniority and experience that may be required.
Details of services included and likely time scales
First of all we will invite you to attend our office and discuss your matter to determine, amongst other things the value, the liability of the debtor, and the assets from which you may enforce any judgment.
There are generally two routes to collect a debt: (1) to issue a claim; and (2) to serve the debtor with a Statutory Demand. The two can be commenced simultaneously and, although the time will differ from case to case, we would estimate the time frames to be as follows:
Issue a Claim
In all cases the Claimant should serve a pre-action protocol letter which provides the prospective defendant 2 weeks to respond in straight forward matters.
Cases which have a value of more than £10,000.00 but less than £25,000.00 it will be allocated to the fast track. Once the claim has been issued and the prospective Defendant has had an opportunity to file a Defence the court will allocate the case to the fast track and, usually, order the following standard directions:
Exchange of witness statements 10 weeks
Exchange of expert’s reports 14 weeks
Court send pre-trial checklist, listing questionnaires 20 weeks
Parties file pre-trial checklist, listing questionnaires 22 weeks
Hearing 30 weeks
These periods run from the date of allocation.
Cases which have a value of more than £25,000.00 will usually be allocated to the multi-track. This track is used to deal with a wide variety of claims from the relatively straight forward to the most complex matters and the directions and time table are flexible to allow for those differences. However, where the claim is for a debt collection you would usually expect the court to adhere to the standard directions and time table as above.
Call us today on 0208 204 7181 to discuss your matter in more detail and book an appointment with one of our debt collection specialists.