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Our Debt Recovery Fees

Our Debt Recovery Fees

(for a business to business debt that is undisputed)

Court Claims:

These costs apply where your claim is in relation to an unpaid invoice which is not disputed and 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 will always be agreed on a fixed fee basis.

Value of DebtCourt FeeOur Professional Fee (excluding VAT charged at 20%)
Up to £10,000Up to £455 depending on the value of the claim*Between £2,500 – £5,000 (depending on complexity)
£10,001 – £100,0005% of the value of the claimBetween £5,000 – £15,000 (depending on complexity)

*A list of current court fees can be found here.  Civil court fees (EX50) – GOV.UK

Anyone wishing to proceed with a claim should note that:

  • The 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 cost.
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Our fee includes:

  • Taking your instructions and reviewing documentation
  • Undertaking appropriate searches
  • Sending a letter before action
  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing a claim
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
  • When Judgement in default in received, write to the other side to request payment
  • If payment is not received within 14 days, providing you with advice on next steps and likely costs

How long will my matter take?

Matters can usually take anywhere between 3 to 12 months 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.

Who will work on my case?

All litigation matters are handled and supervised by Manpreet Lalli, the director of Nexus Legal. Manpreet has extensive experience of dealing with a broad range of disputes –  from small debt recovery claims to multimillion pound property disputes – across all levels of courts within England & Wales. Manpreet will provide you with strategic advice, with a sharp focus on resolving matters in a practical and cost-effective manner. 

Nexus Legal is a trading name of Nexus Legal (London) Limited, registered in England & Wales (Company No. 16222792), with its registered office at Regus, 268 Bath Road, Slough, SL1 4DX. The Director is Manpreet Singh Lalli.

 

Authorised and regulated by the Solicitors Regulation Authority – SRA No. 8011520.

Office

United Kingdom —
Regus, 268 Bath Road, Slough, SL1 4DX

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