Debt Recovery Cost Information
Dale & Newbery offers a tailored debt recovery service. There are no fixed fees, and the service is based on an hourly rate (generally of £240 – £280 plus VAT). It is not possible to provide a total costs estimate for this service, but it would be likely to be approximately £1,000 – £5,000 plus VAT, depending on what work was required.
Disbursements such as Court fees would also need to be paid. These are calculated on a sliding scale and would generally vary between £35 and £455 up to a claim of £10,000. Thereafter, the Court fee would be 5% of the value of the claim, up to a maximum of £10,000 for a £200,000 claim.
Initially, we will write to the debtor, but frequently much of the debt collecting will be carried out by telephone. Sometimes, the threat of winding up the debtor company will be appropriate.
It is impossible to give a timescale for this service. This frequently depends on the finances of the debtor.
Work is generally undertaken by a Partner (Graham Burton – admitted in 1980).
Because of the individual service we offer, Dale & Newbery has a high success rate for recovering money due in respect of undisputed “business to business” debts.