Debt Recovery

Debt Recovery

Cash flow is essential to every successful business and it is therefore important to take steps to recover outstanding debts as soon as possible.

We provide a transparent fixed fee structure so that you are aware of costs at each stage of the process. In some circumstances, your costs can be recovered from the debtor.

Whatever the amount outstanding, we can provide you with the necessary advice and action the works required to obtain your outstanding debts.

Our Debt Recovery department consists of qualified litigators so you can rest assured that the advice you receive will keep you one step ahead.

 

In accordance with SRA Transparency Rules, our costs information relating to debt recovery is set out below.

  • Our cost in preparing an initial debt recovery letter is a fixed fee of up to £100 plus VAT for new clients.

This fee covers our initial instruction, sending a fourteen-day debt recovery letter on your behalf and reverting to you once fourteen days have expired

Any work additional to the above will be charged on an hourly rate basis and our hourly rates are as follows:

  • Solicitor - £195 plus VAT;
  • Paralegal - £145 plus VAT.

Where additional work is required beyond an initial debt recovery letter, we will keep you informed of expected costs throughout each stage of the debt recovery process.