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5th December 2018

Debt Recovery Fees

We pride ourselves on being transparent and thorough with our fees. For a more accurate fee estimation to include your own personal circumstances please contact our Dispute Resolution Department on 01256 844888.

   

To give you an indication of costs, please see below:

   

Fixed Fee Meeting

 

Scope of work: We offer an initial fixed fee appointment.

This Fixed Fee meeting is usually held at our office and lasts either 30 mins or 1 hour. You will see a qualified solicitor: Robert Finlayson or Simon Arneaud. Further details on their experience and expertise can be found by clicking on their names or visiting Our Team page.

 

The meeting will include:

 
    • Establishing the details surrounding the debt
    • The background of the dispute
    • Going through our process of how we work; and
    • Giving you an idea of costs and timescales
 

Fees

 

Half-Hour Fixed Fee Appointment:

£90

VAT: £18

Total: £108

   

Hour Fixed Fee Appointment:

£160

VAT: £32

Total: £192

 

Business Debt Collection

 

Scope of work: The precise stages and timescales involved will vary depending on the circumstances*

 

In general the process includes:

 
  • Initial fact-finding meeting
  • Identity checks
  • Taking your instructions
  • Reviewing documentation
  • Undertaking appropriate searches
  • Sending letters before action
  • Receiving and transferring payments, or if the debt is not paid;
  • Drafting and issuing a claim
  • Applying to the court to enter Judgement in default, if necessary
  • Writing to the other side to request payment
  • Providing you with advice on next steps and likely costs
 

Timescale

 

The general timescale for a straightforward business debt collection is 2 – 8 weeks.

Hourly rates for our team are as follows: (please click on the individual names to learn more about their experience and qualifications).

Robert Finlayson: £250

Simon Arneaud: £210

   

Fees

 

Debt Value up to £5,000

 

Court Fee: £205

Our Fee: £200

VAT: £40

Total: £445

   

Debt Value £5,001 – £10,000

 

Court Fee: £455

Our Fee: £300

VAT: £60

Total: £815

   

Debt Value £10,001 – £50,000

 

Court Fee: £2,500

Our Fee: £2,000

VAT: £400

Total: £4,900

   

Debt Value £50,001 – £100,000

 

Court Fee: £5,000

Our Fee: £2,500

VAT: £500

Total: £8,000

* These costs apply where your claim is in relation to unpaid invoices which are not disputed and enforcement action is not needed. If the other party disputes the claim at any point then we will discuss any further work required and provide you with revised advice and cost estimate, if necessary (the costs are likely to be based on the hourly rate of the individual acting for you if more extensive work is required).

 

**Please note that VAT element of our fee cannot be reclaimed from your debtor, interest and compensation may take the debt into a higher banding with a higher fee charge.

Costs quoted are for matters where enforcement action, such as the bailiff, is not needed to collect your debt.

   

For more information please contact our Dispute Resolution Team who will be happy to help.

 

Please call our office on 01256 844888 or email enquiries@lambbrooks.com and our team promise to respond promptly.

Key Contacts

Robert Finlayson

Head of Dispute Resolution

Simon Arneaud

Associate Solicitor

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