Debt Recovery

Debt Recovery

If you or your business is owed debts of over £600, we can offer a simple no fuss solution to the problem. We offer an efficient, tried and tested process for chasing “bad payers” which is provided by our Dispute Team.

What do we do?

We will send a Letter Before Action to your debtor, warning them that court action will be taken unless payment is made without further delay.

In the event that the debtor fails to pay or respond to the letter, we will swiftly issue a Court claim on your behalf in respect of the debt, interest, fixed legal costs and any compensation to which you may be entitled.

Once we have obtained the Court Judgment we will arrange to instruct a High Court Enforcement Officer to arrange to attend upon the debtor’s premises. They will try to obtain payment from the debtor or otherwise seize any goods belonging to the debtor to sell to realise the debt.

What will it cost?

The amount of the debt in question will dictate the preferred action. Our fees in relation to recovery of debts up to £100,000 can be broken down as follows:

  • Initial assessment – £200 plus VAT
  • Pre-action letter – Business to business £125 plus VAT
  • Pre-action letter – Business to consumer £150 plus VAT
  • Drafting and issuing the claim form and applying for
  • Judgment in Default or reporting on Defence £250 plus VAT
  • Enforcement options summary and recommendation £150 plus VAT

Court fees for sums from £1 to £9,999 are set on a scale dependant on the level of claim. The court fee on claims of £10,000 and above is set at 5% of the total amount claimed including interest.

If an Acknowledgement of Service is received advising that the Defendant intends to defend the claim you will need further advice. This further work will be calculated on an hourly rate dependent on the level of experience of the most suitable lawyer. The hourly rate will be between £185 and £275 per hour plus VAT. We will need to consider with you what evidence is likely to be needed to progress your claim and give you an estimate of the potential cost to trial, which is bespoke to your claim, including the cost of further fees to be paid to the court.

If you are considering proceeding with a claim you should note that the VAT element of our fee cannot be reclaimed from your debtor and the costs quoted are not for matters where enforcement action, such as the bailiff, is needed to collect your debt.

Please remember that all details of our fees and disbursements will be given to you, as well as our terms and conditions, prior to the commencement of any work on your behalf. Gotelee is very proud of the Price Promise on fixed fee work which means no surprises.

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Testimonials

"Domini was very fast and efficient in carrying out her work for me - she was also very good at explaining things to me"

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- MT

"We were very pleased to have Jade as our solicitor, the service was excellent and we felt kept in the loop which minimised stress"

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"This is by far the go-to firm for any issues. You are made to feel valued from the outset and they are so confident in what they do. Wouldn't recommend any other. Thank you Hugh and Max."

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"I have used Tracey Laflin at Gotelee on a number of occasions and in my opinion, she is simply the most efficient conveyancing solicitor I have ever worked with. From the outset, she took the time to understand my specific business requirements and to date, she has exceeded all of my expectations."

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"We found Rachel Dawson outstanding, polite, professional and caring."

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"“ This is the second time we have used Tracey for the conveyancing to buy our new home. She is always completely approachable, she has helped us along the way with advice and useful tips that has helped lessen the stress. We have complete confidence in her and would not hesitate to recommend her to our friends and family”.  - Peter Dawes, Cater Dawes Financial Planning "

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"Jade Shelton was absolutely fantastic!! Professional and proactive at all times."

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