Pricing

Debt Recovery Pricing

Debt Recovery Pricing

Thank you for looking at our Debt Recovery services, which we provide to businesses across a variety of sectors.

We can assist you with recovering both disputed and undisputed debts. This page covers our pricing for recovery of undisputed debts, using private court judgments. 

For disputed debts and /or for recovery of debts using an insolvency procedure, please get in touch to find out more about the fee structure we can offer for providing those services.

Why Us

With many years of experience and focused expertise, our debt recovery service is professional, efficient and economical.

We understand that recovering a debt from a long-term customer can be difficult and we pride ourselves on exceptional customer-care skills - enabling you to send out the right message and retain the goodwill of your customers whilst recovering outstanding payments.

We offer clear, practical advice and we will discuss with you all the options available to establish the most appropriate way of dealing with your debtors with you. We have tried and tested processes in place to ensure we can recover undisputed debts quickly, efficiently and cost-effectively, with transparent fixed fees.

We are proud to hold Lexcel Accreditation issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.

Pricing

We appreciate that the fees involved in debt recovery are important to you. We review our fees on a regular basis and we consider our clients’ feedback to ensure we continue to offer a cost-effective debt recovery service.

If during the debt recovery process, the matter becomes disputed or enforcement action is required (where you need to appoint an enforcement officer), we will discuss the change in fees with you and agree a way forward.

Fees

We offer a fixed-fee structure for our debt recovery service, so that from the outset you will know what the fees will be for your transaction.

Our fees are fixed for each stage of the debt recovery process.  The stages, and the fees which apply are as follows:-

  • Stage 1: Letter of Claim (LBC)

We recommend that a protocol-compliant Letter of Claim is submitted in the first instance.

Our fee to complete this stage is £50 plus VAT (per Letter of Claim required).

  • Stage 2

If the debt remains unpaid and undisputed following the Letter of Claim, we will recommend the commencement of court proceedings.  The fees for this stage depend on the value of the debt you are claiming and include a n additional fee, payable to  the court, all as follows:

Debt

Court fee*

BakerLaw’s fee

Up to £300

£35

£90 plus VAT

£300 - £500

£50

£90 plus VAT

£500 - £1,000

£70

£110 plus VAT

£1,000 - £1,500

£80

£150 plus VAT

£1,500 - £3,000

£115

£150 plus VAT

£3,000 - £5,000

£205

£150 plus VAT

£5,000 - £10,000

£455

£170 plus VAT

£10,000 - £200,000

5% of claim

£260 plus VAT

 

*court fees are set by the Ministry of Justice and subject to change.  You can access the most up to date court fees here (see ‘Issuing Claims’): https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/728133/ex50-eng.pdf

  • Stage 3 – The debt remains unpaid and undisputed

If the debt remains unpaid and undisputed, you will be entitled to ask the court to enter a judgment.  This is a court order requiring the debtor to pay the debt within 14 days.

In these circumstances, our fee to request the judgment is £150 plus vat.

Enforcement Action

If Judgment is entered and the debtor still does not pay, you will be entitled to take enforcement action. For example, by using an agent to seize assets form the debtor, in satisfaction of the debt.  We would be glad to assist you in this regard; our fees would be based on time spent and we will make sure you are informed of this at the earliest opportunity and that a clear estimate of those extra fees will be provided.

Time Scales

The following time scales typically apply to the above stages:

Completion of stage:-

  1. 1 week after your instruction
  2. 2 to 3 weeks after completion of stage 1
  3. 3 to 5 weeks after completion of stage 2

After completion of stage 3 the court typically takes 2 to 3 weeks to issue a judgment.

Therefore, a typical debt recovery will take between 3 and 12 weeks, to the completion of stage 3 (obtaining court judgment).

As above, if enforcement action is required, we will advise regarding additional timescales.

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