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It is an essential part of every business to keep cash flow at a healthy level and control debtors.

Failure to keep a tight grip on debtors could have disastrous consequences for any business. If your debtors do not pay, you will not be able to pay your creditors and the downward spiral begins which could eventually end in your or your companies’ insolvency. It therefore cannot be over stated that it is crucial the level of your business’ debts are maintained at a healthy level.

OUR SERVICES INCLUDE

  • Debt collection
  • Improve your cash flow
  • Maintain your customer loyalty
  • Reduce the risk of bad debt problems
  • Prevention of foreclosure, repossession, legal action
  • Assistance with knowledge and skills to help you make better financial decisions

When immediate action is required to recover your outstanding monies our service provides the facility to take legal action, the fees of which will be added to the costs recoverable from the debtor.

We offer a fixed fee personal service for undefended debts with constant contact being kept with our clients in order to update on progress. Our fixed fees for undefended claims are set out below.

HdS DEBT COLLECTION CHARGES FOR DEBT COLLECTION

(UNDEFENDED)

FROM 1 January 2022

ISSUE CLAIM

DEBT (INC INTEREST) COURT FEE(from 1 March 2019) HdS Costs +VAT Total costs + VAT FIXED COSTS RECOVERABLE TOTAL COSTS  IF SUCCESSFUL TOTAL COSTS IF UNSUCCESSFUL.
£ £ £ £ £ £ £
1-300 35 (25)* 130 165 (155) 35 (25) +50 80 165 (155)
301-500 50 (35) 140 190 (175) 50 (35) +50 90 190 (175)
501-1,000 70 (60) 160 230 (220) 70 (60) +70 90 230 (220)
1,001-1,500 80 (70) 180 260 (250) 80 (70) +80 100 260 (250)
1,500-3,000 115 (105) 200 315 (305) 115 (105) +80 120 315 (305)
3001-5,000 205 (185) 300 505 (485) 205 (185) +80 220 505 (485)
5001-10,000 455 (410) 400 855 (810) 455 (410) +100 300 855 (810)
10,001-100,000 5% of value of claim (4.5%) 700 5% (4.5%) of claim +700 5% of claim +100 600 5% (4.5%) of claim +700
100,001+ 5% of value of claim (4.5%) TBA 5% (4.5%) of claim + HdS costs 5% (4.5%)  of claim + 100 TBA 5% (4.5%) of claim + HdS costs
201,000+ 10,000 TBA 10,000 + HdS costs 10,000 + 100 TBA 10,000 + HdS costs


* Amounts in brackets show the Court Fees if claims are issued in the Money Claim Online (MCOL).

DEFAULT JUDGEMENT

DEBT (INC INTEREST) HdS Costs +VAT FIXED COSTS RECOVERABLE TOTAL COSTS  PAYABLE IF SUCCESSFUL TOTAL COSTS PAYABLE IF UNSUCCESSFUL
£ £ £ £ £
25-5,000 75 22 – 55* 20 – 53 97 – 130
5,000+ 95 30 – 70* 25 – 65 125 – 165

*  The fixed costs recoverable will depend on whether judgement is entered in default of Acknowledgement of Service, in default of a Defence, on an Admission or Part Admission.

ENFORCEMENT

 

DEBT (INC INTEREST) ENFORCEMENT  FEE(from 1 March 2019) HdS Costs +VAT Total costs+ VAT FIXED COSTS RECOVERABLE TOTAL COSTS  IF SUCCESSFUL TOTAL COSTS PAYABLE IF UNSUCCESSFUL
£ £ £ £ £ £ £
25-125 (Bailiff) 110 (77)* 100 210 (177) 110 (77)+ 2.25 97.75 210 (177)
125-600 (Bailiff) 110 (77) 100 210 (177) 110 (77)+ 2.25 97.75 210 (177)
600-5000 (HCEO) 66 195 261 66 + 51.75 143.75 261
5000+ (HCEO) 66 225 281 66 + 51.75 163.25 281

* Amounts in brackets show the Court Fees if claims are issued in the Money Claim Online (MCOL).

  • We will automatically instruct the Enforcement Officer (HCEO) in every case over £600.00.
  • The HCEO collect their charges from the debtor directly if there is a successful recovery.
  • In the event of the HCEO being unsuccessful there will be an abortive fee payable which is generally £75 plus VAT (£90) in addition to the above charges.

WHAT TO DO NEXT

Complete the online enquiry form or contact us by phone or email

Contact Us

Contact us

Address355 City Road, London, EC1V 1LR

Emailenquiries@harrisdasilva.com

Phone0207 713 0700

DX Number400208 Finsbury 2

Fax Number0207 841 0100