Lead Forensics
Prettys Solicitors Ipswich

Netchaser

Debt Recovery Fee Guidance

Reference to VAT is at its current rate of 20%

(Business to Business debt that is undisputed)

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 could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

Debt Collection Letters

Our fee for preparing and sending a letter to a debtor in respect of a debt ranges from £10 to £50 plus VAT for each letter required.

County Court Claims

Debt Value (Including Interest) Court Fee Our Fee (excluding VAT) Recoverable from debtor
From To  
£25 £300 £35 £60 £85
£300.01 £500 £50 £60 £100
£500.01 £1,000 £70 £85 £140
£1,000.01 £1,500 £80 £100 £160
£1,500.01 £3,000 £115 £105 £195
£3,000.01 £5,000 £205 £110 £285
£5,000.01 £10,000 £455 £140 £555
£10,000.01 £200,000 £5% of the claim £160 £5% of the claim & £100

 

Requests for Judgment

Our fee for Requesting Judgment in Default (where no Acknowledgment of Service or Defence has been received) is £30 plus VAT if the amount of the Judgment does not exceed £5,000 or £40 plus VAT if the amount of the Judgment exceeds £5,000.

Anyone wishing to proceed with a claim should note that:

Our fees include:

Matters usually take between 1 and 6 weeks 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.

Our team

Peter Blake – Partner, £350 per hour

Peter qualified as solicitor in 1987 and became a partner in 1991.  He supervises the debt recovery team.  His practice focuses on the resolution of commercial disputes with particular emphasis on the construction and engineering sector and disputes with an international element.

Michael Booth – Solicitor, £220 per hour

Michael trained with Prettys and qualified as a solicitor in 2017. Michael has a broad based practice covering disputes for commercial and personal clients ranging from small claims to multi million pound claims and appeals.  Michael runs Prettys’ debt recovery service on a day to day basis.

Alison Green – Paralegal, £100 per hour

Alison joined Prettys in 2010 after working for over 20 years in the City as a paralegal. Since joining, she has been a key member of Prettys’ “Netchaser” debt recovery operation.  She now heads the operational side of Netchaser and is a senior member of the debt recovery team. 

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