Debt recovery

loading staff

How can we help you?

Contact us for a free initial telephone consultation and arrange your free debt recovery health check.

Stephensons advises asset-based finance companies, invoice finance companies with debt recovery for unsecured lending and debt recovery for businesses across many sectors, with legal services including:

  • Asset based lending
  • Attachment of earnings
  • Debt recovery for purchasers
  • Debt recovery for unsecured lenders
  • Enforcement, including instruction of bailiffs
  • International debt recovery
  • Invoice finance
  • Issuing proceedings and entering judgement
  • Late payment of commercial debts
  • Letter before action
  • Statutory demands and bankruptcy petitions
  • Winding-up petitions and charging orders

Click here to fill in our debt recovery instruction form to start the debt recovery process.

Debt recovery - what does it cost?

Stage 1

Is it a company debt or individual/sole trader?

Company - letter before action: £15 inclusive of VAT

Individual/sole trader - letter of claim: £50 inclusive of VAT

Stage 2

Issue claim

DebtCourt feeStephensons' fee
Up to £300£35£90 plus VAT
£300 - £500£50£90 plus VAT
£500 - £1,000£70£110 plus VAT
£1,000 - £1,500£80£150 plus VAT
£1,500 - £3,000£115£150 plus VAT
£3,000 - £5,000£205£150 plus VAT
£5,000 - £10,000£455£170 plus VAT
£10,000 - £200,0005% of claim£260 plus VAT

   

Additional services if necessary

Price alongside service is for our legal fees, related disbursements may also be payable for specific services.

Request judgment - £50 plus VAT

Issue of statutory demand - £150

Related disbursements

  • Process server fee - £105 - £138

Bankruptcy action - £750

This is applicable to cases where the matter is determined at the first hearing and there are no issues with regards to service

Related disbursements:
  • Service fees x 2 - £210 - £276
  • Court fee - £130
  • Deposit - £550
  • Agent for hearing - depends on location
  • Search fee - £11

Winding up action - £1,000

This is applicable to cases where the matter is determined at the first hearing 

Related disbursements: 

  • Court fee - £280
  • Petition deposit - £1,600
  • Service fees x 2 - £210 - £276
  • Agent fees for hearing- depends on location

Warrant of execution - £60 plus VAT

Related disbursements: 

  • Court fee - £110

Writ of control - £60 plus VAT

Related disbursements:

  • Court fee - £66
  • HCEO fee - £90

Attachment of earnings - £150

Related disbursements:

  • Court fee - £110

Charging order - £350 (excluding hearing)

Related disbursements: 

  • Court fee - £110
  • Agent’s fee for attendance at court - depends on location
  • Registration of charging order - £40

Order of sale - £1,500

Related disbursements: 

  • Court fee - £308
  • Agents Fee for hearing - depends on location

Third party debt order - £250

Related disbursements: 

  • Court fee - £110
  • Agents fee for hearing - depends on location

Order that debtor attends court for questioning/oral examination - £250

Related disbursements:

  • Court fee - £55
  • Agent fee for hearing if required - depends on location

What qualifications do the team hold?

All debt recovery work is supervised by a qualified solicitor. Specific experience can be seen in the individual staff profiles.

8.9 out of 10
Trustpilot logo4-stars on trustpilot Based on count 390

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

I would like to thank Stephensons for their help in this matter which has been resolved quickly and without stress. I will certainly use this service again in the future if required.
View from a debt recovery client

Bribery case has implications for firms of all sizes

In a case which is the first of its kind and has implications for companies of all sizes, a small interior design company has been convicted under ‘failure to prevent bribery’ legislation.   The court was told that a former director of...

Read more

Morrisons appeals High Court compensation ruling

The supermarket chain, Morrisons is taking a legal battle to the Court of Appeal following a ruling by the High Court that thousands of its employees could pursue a compensation claim against the retailer following the disclosure of its employee’s...

Read more

Debt recovery reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • Alistair Gregory
  • Matthew Halton
  • Kerrie Ainscough
  • Declan Gilroy

We're always here for you

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.

Find your nearest Stephensons office and arrange a meeting

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.