We now provide an affordable debt recovery solution designed to offer you a cost-effective and transparent way to pursue unpaid debts.
At Roach Pittis we understand that cash flow is vital to the life blood of any business. We understand that the cost of instructing a solicitor to pursue debt recovery is often prohibitive. Our debt recovery service has therefore been designed to offer you a cost effective commercial recovery solution. Our fee structure enables you to make an informed decision at an early stage as to how much you want to invest in recovering bad debt, thus providing you with control.
The first stage is the pre-litigation stage in which we will write to your debtor upon your behalf demanding immediate payment of monies owed. The letter will threaten County Court proceedings or insolvency proceedings if the demand is not complied with. This is followed up with verbal communications if the debt remains unpaid.
In the event that a debt is undisputed, it is our experience that the majority of monies owed are paid at this early stage.
Please see the standard fee scale below for our services in acting upon your behalf in the pre-litigation stage.
|Debt Owed||Our Fee|
|Up to £1,000||£50 + VAT|
|£1,001 – £10,000||£90 + VAT|
|£10,001||£150 + VAT|
The second stage is the litigation stage itself in which we issue a County Court Claim against the debtor.
Once we issue a County Court claim, the debtor will be served the claim by the Court and will then have 14 days in which to respond. If there is a failure to respond we will apply for Default Judgment and then move on to the enforcement Stage 3.
Please see the fee scale below of standard charges for Stage 2 action depending upon the level of debt owed.
|Debt Owed||Our Fee||Court Fee|
|Up to £1,000||£100 + VAT||£25 – £60|
|£1,001 – £10,000||£160 + VAT||£70 – £410|
|£10,001 – £100,000||£250 + VAT||4.5% of claim value|
|£100,001 – £200,000||£300 + VAT||5% of claim value|
If your debtor has not paid the monies owed during either of the previous stages, then we will have no option but to take enforcement action. This is an important stage because simply holding a County Court Judgment does not mean you will get paid.
There are a number of options available to us depending upon the level of the debt and we will discuss the best option with you.
Please see the table of standard charges and costs to make various applications to the Court.
|Enforcement action||Our Fee||Court Fee|
|Oral examination||£75 + VAT plus possible representation at Court (fee to be agreed)||£50 + process server’s fees|
|Application for Writ of Control|
(a High Court Enforcement Officer – only applicable where debt exceeds £600)
|£75 + VAT||If unsuccessful:|
£60 Court fee + Bailiff’s fee of £75 plus VAT If successful: £60
|An Application for an Attachment of Earnings Order||£75 + VAT||£100|
|Application for Third Party Debt Order||£75 + VAT plus possible representation at Court (fee to be agreed)||£100|
|Application for a Charging Order||Charged on an hourly basis to be agreed in advance based upon the circumstances of the case||£100|
Land Registry fee £40
Please note that if at any stage the debt is disputed, we will outline options and recommend the most appropriate course of action for you to take providing any estimate of legal costs. In those circumstances your case will fall outside of our standard fee scales.
Alternatively, no win, no fee…
We may be able to act for you on a “no win, no fee” basis, whereby we only get paid if we recover the debt. This has the benefit of no upfront cost to your business and we are paid simply based upon results. If this payment structure is of interest to you, please let us know.
If you wish to instruct us in your debt recovery matter, please contact us on the details below. It will speed up the process if you would please also complete the client instruction sheet (which you can download from this page) and email it to us.
Contact – Lee Peckham