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Forbes Collect provide a nationwide commercial debt recovery service for businesses across all sectors. We specialise in the recovery of undisputed, invoice-based debt, contracted in England or Wales and against debtors based in the UK.
Where applicable, we will add interest and late payment compensation to the debts claimed, which is lawfully recoverable from the debtor.
Whether you need our help with pre-litigation or with Court proceedings, our expert debt recovery solicitors offer reasonable debt recovery costs as well as an efficient service.
How much debt collection costs will depend on what you need to recover the debt. We offer fixed fee debt collection that is reasonable and competitive. We have three main breakdowns for our debt collectors' fees:
Our debt collection costs can be covered by the compensation and interest we add to each late invoice. We find that the vast majority of debt is settled during the pre-action stage. If you need our help with collecting late payments contact our debt recovery solicitors on 0800 689 4176.
See below details of these debt collection legal fees, all of which are subject to VAT at 20%.
|Debt Amount||Fees Charged|
|Debts under £500.00||£50.00|
|£500.00 - £5,000||10% of any monies recovered on your behalf|
|£5,001 - £9,999.99||6% of any monies recovered on your behalf|
This includes issuing County Court proceedings and defending debts.
|Debt Amount||Court Issue Fee||Our Fee|
|Up to £300||£35.00||£50.00|
|£301 - £500||£50.00||£50.00|
|£1,001 - £1,500||£80.00||£80.00|
|£1,501 - £3,000||£115.00||£100.00|
|£3,001 - £5,000||£205.00||£200.00|
|£5,001 - £10,000||£455.00||£350.00|
|Debt Amount||Our Fee|
|Up to £5,000||£50.00|
|Work Required||Our Fee|
|Filing the Directions Questionnaire at Court||£75.00|
These debt recovery costs will include any enforcements we may need to take to recover the money owed to you after Court proceedings have taken place.
|Action||Our Fee||Court Fee||Other Disbursements|
|Higher Court Enforcement Officer/County Court Bailiffs||HCEO - £100.00 CCB - £50.00||£HCEO - £66.00 CCB - £110.00|
|Charging Order||£300.00||£110.00||£23.00 Land Registry fees|
|Attachment of Earnings||£200.00||£110.00|
|Third Party Debt Order||£300.00||£110.00||Advocates fee (TBC)|
|Order to Obtain Information||£300.00||£55.00|
|Action||Our fee||Court fee||Other Costs|
|Statutory Demand||£150.00 + VAT||Process servers fee - £108.00|