Commercial Debt Recovery

If you are having issues recovering debts of your business then please feel free to contact us for a Free Initial Enquiry on 01629 56660 or make an Online Enquiry.

We would always recommend that you seek initial advice before bringing any claim for debt collection as there may be a more appropriate solution without court action.

Our costs information is set out generally below. For a bespoke quote relevant to your exact debt recovery details, please click here and enter your details and we will contact you. Please refer to our privacy policy for details of how we will use any information that you submit via the enquiry form on our website.

Please note that there will be two elements to the costs information set out below:

1. Fees charged by Lovedays Solicitors. These are charged on the basis of hourly rates; and
2. Fees payable to third parties.

Please ensure that you consider both parts of the costs information.

It is always difficult to assess the level of costs in a litigation matter. The costs vary massively depending on the cause of action. It will also depend significantly on the response and conduct of the other side. When you are against a litigant in person (someone representing themselves) it is generally more expensive than if you are against a business.

If a matter was to go all the way to a final hearing, it will be more expensive than if they settle after the initial letter.

We have produced a break down to show a worked example of the costs incurred in a simple debt recovery litigation matter. This is for guidance only and should not be relied upon for the costs of a litigation matter.

If you are concerned with the level of costs involved, we can continue to a stage and then reconsider the costs and the prospects of success. Please note that once proceedings are issued then you may become liable for the defendant’s costs if you subsequently withdraw.

If your debt is more than £10,000 you may be able to recover a proportion of your costs from the defendant.

This example is where your claim is in relation to an unpaid invoice which is not disputed, and enforcement action is not needed. This calculation is on the basis that no response is received, and we can request judgement on your behalf.

If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice on the issue of costs.

As stated above this is for guidance only on a simple matter. More complex matters will vary.

It is not possible to provide you with a definitive cost estimate for litigation matters as each case will turn on its own facts.

Please note that this is only the legal costs of Lovedays if you are unsuccessful in your litigation the court may order that you pay the other side’s costs on top of your own.