Business debt collection
Unpaid invoices and other debts can have a significant impact on your business, including cash flow problems and damage to your reputation. That is why it is vital to ensure money owed to you is paid quickly. At Ironmonger Curtis, our debt recovery solicitors offer a fast and efficient service for all business debt recovery matters, whether you are dealing with a small or significant unpaid amount. Contact us today for expert advice and legal services.
Fixed fee debt recovery for Small Claims
Many people will be familiar with the rule that if you sue someone and win, the other party is normally ordered to pay your legal costs. However, where the amount being claimed is £10,000 or less, that rule does not apply. Costs, therefore, should be a significant consideration for businesses considering whether to instruct solicitors to commence debt collection services for them.
For this reason, we can offer a fixed fee litigation service for Small Claims, which we can agree at the outset of your debt recovery matter. This enables you to make a commercial decision on the value of pursuing a debt when weighing the cost of pursuing it against your potential recovery.
Examples of our business debt recovery prices include
- Correspondence before court: Fixed Fee: £85.00 plus VAT
Includes an initial review, first letter to the other party, considering their response and advising you on the next steps.
- Court proceedings
|VALUE OF CLAIM||OPTION A
We prepare the claim for you to issue, and you then deal with the claim yourself.
We handle everything from preparing the claim right up to settlement or the court giving its judgment.
|Up to £5,000||From £250 plus VAT||Our fees: From £850 plus VAT plus court fees up to £540 and disbursements|
|£5,001 to £7,500||From £350 plus VAT||Our fees: From £1,500 plus VAT plus court fees up to £810 and disbursements|
|£7,501 to £10,000||From £450 plus VAT||Our fees: From £1,750 plus VAT plus court fees up to £810 and disbursements|
We are happy to offer these fixed fees on straightforward matters with limited documentation. Please speak to us about funding options where there might be considerable documentation, or the matter is particularly complicated, and we will always try to agree a fixed fee for our Small Claims litigation services where appropriate.
Although these fixed fees do not include the cost of enforcement action if the Defendant fails to pay (even after you settle or obtain judgment), we are happy to consider further fixed fees for enforcement. Do not hesitate to get in touch to find out more about our debt recovery solicitors fees.
Contact our Debt Recovery Solicitors Sheffield
Our lawyers are highly experienced in dealing with commercial debt recovery on behalf of our clients and have a reputation for sensible, down to earth commercial advice together with an exceptional success rate should court proceedings be required.
Ironmonger Curtis is a specialist commercial law firm based in Sheffield and serving Rotherham, Chesterfield, Barnsley, Dronfield and further afield. If you are interested in our fixed fee debt collection service for Small Claims or wish to discuss how we can help with any other debt recovery matter, call us on 0845 225 2635 or fill in our online contact form and we will get back to you shortly.