Forbes Collect primarily provides debt recovery services to all levels of business for the recovery of undisputed invoice based debt, contracted for in England or Wales and against debtors based in the UK. We refer to these debts as 'Qualifying Debts'.
For the majority of Qualifying Debts, we will act on the basis that will charge you only upon recovery of monies from your debtor, whether that be at a pre-litigation stage, after a claim is issued or during the enforcement process. That means that we don't got paid unless you recover money from the debtor, no matter at what stage payment is made. We think this fee structure is unique in the market.
For smaller Qualifying Debts, we charge fixed fees.
The only exception to this is when the Debtor resides in either Scotland or Northern Ireland. In those cases we charge additional fixed fees (details available on request) to cover the additional work needed to issue and serve in these jurisdictions.
Where applicable, we will also add interest and late payment compensation to the debts claimed, which is lawfully recoverable from the debtor. Recovery of these sums can significantly enhance the amount recoverable for you from the debtor and can sometimes exceed our fees for the service.
See below for details of these fees, all of which are subject to VAT at 20%.
We charge a percentage of the amounts recovered for Qualifying Debts, with the level of the fees charged dependent upon two factors:
The table below sets out the range of percentages that we charge at each stage and at the differing bands of recovery. Where the charges fit within the range depends on the amount and the stage at which we recover monies for you:
|£501 - £1,000||£1,001 - £3,000||£3,001 - £9,000||£9,000 -£15,000||£15,000 +|
|Post Issue of Court Proceedings||10% plus fixed fee (see below)||14%||10%||6%||5%|
|Enforcement||10% plus fixed fee (see below)||20%||14%||8%||6%|
NB: The only times we will expect payment before monies are recovered are:
For debts of less than £1,000, we additionally charge fixed fees, based upon the level of the debt referred to us. These are:
|Issue Letter Before Action, debt less than £500||£25|
Issue Claim, debt less than £500
|Issue Claim, debt between £500 -£1,000||£70|
|Instructing High Court Enforcement Officer/Bailiff||£50|
*all the above fees are subject to VAT at 20%
Disbursements are costs related to your matter such as Court Fees, which are payable in addition to our fees. These are payable:
Issue fees range between £35 and £10,000 dependent upon the value of the claim and these are set out at https://www.gov.uk/make-court-claim-for-money/court-fees
The court fee for enforcement through the County Court Bailiff (less than £600 debt) is £100 and through the High Court Enforcement Officer's (debt of £600 or more) is £66. If unsuccessful in recovering monies, the HCEO's will also charge an abortive fee of £75 plus VAT at 20%.
There may be other disbursements that we incur on your behalf from time to time but will advise you of these in advance.
If the debtor disputes the debt or seeks to negotiate with us on your behalf, then we also charge fixed fees for certain elements of work we undertake, but we will always discuss these additional charges with you first. We also offer additional services for competitive fixed fees for other methods of enforcement of debts and insolvency/bankruptcy. A full list of our services and fees is available upon request [click through]
Whether on the fixed fee basis or 'no recovery, no fee' (and dependent upon the stage at which payment is received or the case is closed) the fees includes:
Each case is different and it is almost impossible to predict how quickly payment will be made by the debtor, if at all. What we can say is that a standard case will take around 8-10 weeks to obtain a judgment on an undefended claim, depending on how quickly the Court deals with the paperwork. Of course, the debtor may pay at any stage or, indeed, raise a dispute or defence within this period. If enforcement action is needed, the matter will take longer to resolve.
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We have found Forbes to be efficient, informative and effective in all our debt collection cases
KM Accountants have worked with Forbes for just over 12 Months. During this time we have gained a great working relationship and I feel Forbes understand our business needs
On behalf of everyone here at EvolveU we just wanted to say a massive thanks for all of your help and assistance with the Traffic Engineering and Management Services Limited
We are delighted with the Professional manner in which Forbes Solicitors deal with all our legal requirements and would not hesitate to recommend this Company.
Trident Fire & Security Group Ltd
We asked Forbes Solicitors to help when a client would not pay his bill. I sent an email to Katy, received a reply straight away, we were advised of the action that would be taken
Abby Welding Ltd
I contacted Alison at Forbes Solicitors regarding an outstanding debt which we were having problems getting paid for I would just like to say what a very quick and professional service she provided
Thermal Hire Ltd
The Woodscape Group have been relying on Forbes Solicitors for over thirty years and the work carried out by Alison Nelson and the team over the last few years has only strengthened
DPFOC relies on Forbes for all legal advice. We find the service to be professional, well-informed and affordable.
Eddie O' Driscoll
I was owed money for plumbing services provided and despite several conversations with the debtor to request payment, he was dishonestly claiming that he had paid despite their being no evidence
Back on Tap Plumbing
Alison and her team have worked with us on a number of occasions now - so much so that we see them as an extension of our business!
Higher Access Limited
Forbes have helped me immensely with bad debt recovery over the past few years.
Able 2 Ltd
I have used Alison Nelson for a number of years for debt collection. I would strongly recommend her for similar work.
Consultant Plastic Surgeon
The professional and speedy way that Forbes dealt with this resulted in a very quick settlement of the matter. I can assure you that I will recommend Forbes for matters such as this in the future.
D&M Creative Limited
We have used Alison's services on a number of occasions and have always received the desired results!