Debt Recovery

Our Debt Recovery team provides a professional debt recovery solution to sole traders and small businesses, larger commercial organisations and local authorities on a national and international basis.

We utilise the latest flexible workflow management and IT systems ensuring that Carrick Read offers a first class debt recovery service and produces exceptional and effective results.

We provide expert advice and assistance in the following areas:-

  • Pre-Legal Recoveries

  • Legal Recoveries
  • High Court Enforcement
  • County Court Enforcement
  • Orders for Sale
  • Statutory Demands
  • Bankruptcy
  • Winding Up
  • Third Party Debt Orders
  • Charging Orders

Please also enquire about our In-House Training packages to assist your staff to understand the court procedures involved in the debt recovery process.

Debt Recovery – How much will it cost?

This page sets out the fees we charge for our commercial (non-contested) debt recovery work for claims valued at up to £100,000 against debtors located in England & Wales. 

If you require assistance for debt claims above £100,000 or, consider your claim will be contested and/or require bespoke particulars of claim, please contact our debt recovery team on 0113 246 7878.  All fees are subject to VAT. 

Court fees and fixed costs are recoverable from debtors up to the value shown upon a successful conclusion (judgment/settlement agreement) of your claim.

All work on contested (defended) claims is charged at agreed hourly rate basis, estimated at the point a defence is received and in addition to the non-contested charges set out below.

Description

Court Fee/Disbursements

(recoverable)

Fixed Costs (exc VAT)

(recoverable)

Carrick Read fees (exc VAT)

(non-recoverable)

Pre-action fees

 

 

 

Pre-Action Protocol Compliant Letter

£0.00

£0.00

£50.00

Letter before action

£0.00

£0.00

£30.00

Pre-action correspondence (per letter)

£0.00

£0.00

£10.00

Undefended claims

CCMCC / CCBC

 

 

Issue of claim (value of claim)

 

 

 

Up to £300.00

£35.00 / £25.00

£50.00

£20.00

£300.01- £500.00

£50.00 / £35.00

£50.00

£30.00

£500.01 - £1000.00

£70.00 / £60.00

£70.00

£50.00

£1000.01 - £1500.00

£80.00 / £70.00

£80.00

£70.00

£1500.01 - £3000.00

£115.00 / £105.00

£80.00

£85.00

£3000.01 - £5000.00

£205.00 / £185.00

£80.00

£100.00

£5000.01 - £10000.00

£455.00 / £410.00

£100.00

£120.00

£10000.01 - £25000.00

5% / 4.5% of claimed sum

£100.00

£150.00

£25000.01 - £50000.00

5% / 4.5% of claimed sum

£100.00

£200.00

£50000.01 - £75000.00

5% / 4.5% of claimed sum

£100.00

£250.00

£75000.01 - £100000.00

5% / 4.5% of claimed sum

£100.00

£300.00

General Applications

 

 

 

Applications to court by consent

£100.00

£0.00

£25.00

Applications to court (on notice) where no other fee is specified

£255.00

£.0.00

TBA

Entry of Judgment (Below / above £5000.00)

 

 

 

In default of acknowledgment of service 

£0.00

£22.00 / £30.00

£5.00 / £10.00

In default of defence

£0.00

£25.00 / £35.00

£5.00 / £10.00

Judgment on admission (acceptance)

£0.00

£40.00 / £55.00

£10.00 / £15.00

Judgment on admission (determination)

£0.00

£55.00 / £70.00

£10.00 / £15.00

Enforcement

 

 

 

County Court Bailiff

£110.00 / £77.00

£2.25

£10.00

High Court Enforcement Officer (£600.00+)

£66.00

£51.75

£15.00

High Court Enforcement Officer Abortive fee

£75.00 + VAT

£0.00

£0.00

Attachment of Earnings

£110.00

8.50

£20.00

Charging Orders

£110.00

£110.00

£40.00

Oral Examination

£55.00

£0.00

£30.00

Oral Examination (service by Court Bailiff)

£150.00

£0.00

£30.00

Third Party Debt Orders

£110.00

£98.50

£50.00

Insolvency Procedures

 

 

 

Notice of Support

£0.00

£0.00

£30.00

Lodge Proof of Debt

£0.00

£0.00

£30.00

Statutory Demand

£0.00

£0.00

£100.00

Miscellaneous (non-recoverable)

 

 

 

Service of documents

£75.00 + VAT

£0.00

£0.00

Hearing attendance

£90.00 + VAT

£0.00

£0.00

Tracing (No trace no fee)

£35.00 + VAT

£0.00

£0.00

Field Trace

£75.00 + VAT

£0.00

£0.00

Employment search

£60.00 + VAT

£0.00

£0.00

Official copy of the HMLR

£3.00

£0.00

£0.00

 

Example fees:

In circumstances where by you instruct Carrick Read Insolvency to recover a debt of £1,501.00 against a limited company where court proceedings (issued via CCBC) are required and where the debt is paid shortly after (default) judgment (i.e. no defence or acknowledgement/no enforcement) you will be invoiced:

£30.00                       Letter before Action

£105.00                     Issue Fee

£80.00                       Fixed Costs

£85.00                       Carrick Read Fees on Issuing

£22.00                       Costs on entry of Judgment

£5.00                         Carrick Fees on entry of Judgment

£44.40                       VAT on applicable charges

£371.40                     Total Fees invoiced

As a % of our fees (set by the court) are recoverable from the debtor upon entry of a judgment and/or settlement agreement you would be entitled to recover fees totalling:  

£105.00                     Issue fee

£80.00                       Fixed costs

£22.00                       Costs on entry of Judgment

£207.00                     Recoverable fees

£120.00                     TOTAL COST TO CLIENT TO RECOVER DEBT (EXC VAT)

No fee is charged by Carrick Read with respect to any Interest and/or compensation payment claims made pursuant to the Late Payment of Commercial Debts (Interest) Act 1998, which you may be entitled to claim in addition to your debt.