Debt Recovery (Undisputed) Work Fees

Our Pricing:

At Vas Solicitors we have always prided ourselves on our jargon-free and transparent approach to our work and its costs.

We feel it is really important, in addition to providing you with an excellent service, that you know what you will pay for the service you expect to receive.

We will always confirm our cost estimate or agreed fixed fee with you at the outset in any matter prior to beginning our work for you, for the avoidance of any doubt.

VAT

Where VAT is payable in the pricing shown below it is calculated at the current applicable rate (which is 20%).

The figures shown sequentially represent (1) the amount without VAT, (2) the amount of VAT due and (3) the total inclusive of VAT.

Where no VAT rate or amount is shown below, no VAT is payable.

Our Fees for Debt Recovery Work Where The Debt Is Not Disputed

The costs set out in the table below apply where your claim is in relation to an unpaid invoice which is not disputed, and in which enforcement action is not needed.

If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

Debt Value

Court Fee

Our Fixed Fee

Up to £5,000

Between £35-£205

£250 plus £50 Vat = £300.00 total

£5,001 - £10,000

£455

£350 plus £70.00 Vat = £420.00 total

£10,001 - £50,000

5% value of claim

£550 plus £110 Vat =£660 total

£50,001 - £100,000

5% value of claim

£1000 plus £200 Vat = £1200.00 total

Anyone wishing to proceed with a claim should note that:

  • The total cost to you will be our fixed fee as detailed in the table above plus the applicable Court Fee. For example, a claim for a debt of £6000 would attract:
  • Our fees – £350.00
  • VAT on our fees – £70.00
  • Court Fee – £450.00
  • Total – £870.00
  • The VAT element of our fee cannot be reclaimed from your debtor (unless you are not  VAT registered).
  • Interest and compensation may take the debt into a higher banding, with a higher cost.
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Work We Will Do

Our fee includes: 

  • Taking your instructions and reviewing documentation 
  • Undertaking appropriate searches but does not include disbursements if chargeable which are usually in the region of £100 plus VAT for a basic credit or financial search 
  • Sending a letter before action
  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default 
  • When Judgment in default in received, write to the other side to request payment 
  • If payment is not received within 21 days, providing you with advice on next steps and likely costs

Timescales

Matters usually take 3-5 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of Judgement in default. If enforcement action is needed, the matter will take longer to resolve and if the matter is disputed it could be 9-12 months before a Judgment may be obtained.

Litigation Team and Experience

Name

Position at Vas Solicitors

Qualifications

Relevant Experience

Veeravagu Vaaheesan

Solicitor/Director

Solicitor of the senior courts

10+ PQE

Evanjalin Vivek

Senior Solicitor

Solicitor of the senior courts

3+ PQE

Anjalie Bala

Solicitor

Solicitor of the senior  courts

1+ PQE

Ashwariya Kuhendiran

Trainee Solicitor

LLM

1+ years of  experience

Sunjay Issur

Trainee Solicitor

LLB

3+ years of  experience