During the recent session from our ‘General Counsel Know How’ series, senior corporate disputes lawyer Simon Engelsman led an interesting discussion on the various ways in which directors of limited companies can be found personally liable for actions carried out on behalf of those companies.
The costs set out below relate to claims for unpaid invoices where the services or invoice are not disputed in any way, there are no procedural irregularities in the administration of the claim and do not include any costs for enforcement action. Our fees will be different in each case depending on the complexity of the issues involved and an estimate will be provided to you.
Please note that ultimately the terms of our engagement will be governed by the engagement letter and terms and conditions provided in conjunction with the same. As per our engagement documents, our fees are based on hourly charge out rates and VAT will be added to our fees and is not recoverable from the debtor.
Sometimes we will recommend instructing Counsel to advise in conjunction with us and prepare court documents and these costs will be in addition to those set out below. Should matters become disputed or more complicated, these costs will increase and we will discuss further costs with you and provide you with an estimate.
|Debt Value||Court Fee||Online Claim Fee||Our Fee (exclusive of VAT)|
|Up to £300||£35||£25||Minimum fee of £750 up to £4,000|
|£300.01 - £500||£50||£35||Minimum fee of £750 up to £4,000|
|£500.01 - £1,000||£70||£60||Minimum fee of £750 up to £4,000|
|£1,000.01 - £1,500||£80||£70||Minimum fee of £750 up to £4,000|
|£1,500.01 - £3,000||£115||£105||Minimum fee of £750 up to £4,000|
|£3,000.01 - £5,000||£205||£185||Minimum fee of £750 up to £4,000|
|£5,000.01 - £10,000||£455||£410||Minimum fee of £750 up to £4,000|
|£10,000.01 - £100,000||5% of the claim||4.5% of the claim||Minimum fee of £750 up to £4,000|
|£100,000.01 - £200,000||5% of the claim||N/A||TBA|
|More than £200,000||£10,000||N/A||TBA|
Our work will include some or all of the following key stages:
From the provision of instruction to receipt of monies can take between a few weeks and upwards, depending on whether the debtor agrees to make payment or engages with the correspondence before a claim is issued.
Our work detailed in the table above does not include where the debt is disputed or a defence is filed to any claim, the debtor is outside of the jurisdiction, alternative forms of dispute resolution are required to be entered into or enforcement action is required in respect of any judgment. In these situations we will provide you with estimates for the required stages of work. Should matters become disputed, resolution can take between 9 and 18 months to resolve.
The fee earners who work on our debt recovery matters are members of the dispute resolution team:
Tammy Evans – Head of Dispute Resolution – £340 per hour
Tammy qualified in 2002 as a commercial litigation specialist and since then has gained extensive experience in commercial dispute resolution, including all levels of debt recovery and enforcement of judgments and costs recovery.
Tim Herbert – Senior Consultant – £350 per hour
Tim qualified in 1999 as a commercial litigation specialist and since then has gained extensive experience in commercial dispute resolution, including, in relation to debt recovery, statutory demands and other forms of enforcement of judgments.
Lauren O’Sullivan – Senior Consultant – £320 per hour
Lauren qualified in 2011 as a property disputes specialist and has gained varied experience in debt recovery and enforcement in the context of commercial rent arrears and other property related debts.
Ailsa Clelland – Paralegal – £140 per hour
Ailsa assists the team with all manner of debt recovery matters
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