Our Fee (VAT is chargeable @20%)
Debt Recovery & Debt Management Solicitors in Southall / Debt Recovery & Debt Management Solicitors in Slough / Debt Recovery & Debt Management Solicitors in Slough
Our Specialist’s Debt Recovery & Debt Management Solicitors
Our expert Solicitors can help if you have a dispute over non-payment of an invoice or fees. We have a team of competitive civil solicitors in Hayes (virtual office), Southall and Slough who are more than happy to assist you to recover your debt whether you are an individual or an owner of a business.
Debts can have an adverse impact on the business by negatively affecting the cash flow position of the business, threating the going concern of the business, compromising the ability to pay staff, creditors and therefore, affecting the profit. This issue needs to be resolved so that the money is recovered.
Clear and Transparent Fees
We at Capital One Solicitors Conform to abide by the Transparency Rules of SRA ‘Solicitor Regulation Authority’. The Pricing information aims to ensure that people have accurate and relevant information to make an informed decision when buying legal services.
Our Fees are Fair, reasonable and competitive. We ensure that our clients are fully aware of all the costs relevant to their matter and there are no hidden charges.
At the time of initial Instruction, we inform the clients how we calculate the quoted price. We also provide a detailed breakdown of the estimated total costs where possible, whether for our Fee or/and disbursements
The charges listed below are for matters that we commonly come across. If in case your matter is not listed then we will provide you with a tailored quote.
The cost for our professional fee will depend on the seniority of the solicitor or fixed fee basis.
Solicitor’s hourly rates
Our hourly rate is dependent upon the law society’s guidelines please refer to the link below for our hourly rate. Please note that the hourly Rates in the *link below DO NOT include VAT
| Grade | Fee Earner | Hourly Fee |
| A | Solicitors and legal executives with over 8 years’ experience | £ 512 |
| B | Solicitors and legal executives with over 4 years’ experience | £ 348 |
| C | Other solicitors or legal executives and fee earners of equivalent experience | £ 270 |
| D | Trainee solicitors, paralegals and other fee earners | £ 186 |
https://www.gov.uk/guidance/solicitors-guideline-hourly-rates
The Costs below relates to unpaid invoice that is not disputed without the need for an enforcement action. If, in case the other party disputes the claim at any time. Further work would be carried out and we will advise you about the revised costs on fixed fee basis or hourly rate if more work is required.
| Value Of the Debt (Debt bracket) | Court Fee | Our Fee (incl. VAT) | Total |
| Up to £5,000 | £ 205 | £ 1800 | £2005 |
| £ 5,001- £ 10,000 | £ 455 | £4000 | £4455 |
| £10,001 – £ 50,000 | 5% of the Claim | £ 5000 (or 25% of value of the claim) | To be agreed |
| £ 50,000 – £ 100,000 | 5% of the Claim | £ 10000 (or 25% of value of the claim) | To be agreed |
For Court Fee please visit
https://www.gov.uk/make-court-claim-for-money/court-fees
Please Note
- VAT CAN NOT be reclaimed from your Debtor
- A raise in the debt due to interest and compensation may push the debt into a higher bracket resulting in an increased fee.
- The costs above are exclusive of matters where an enforcement action is required for debt collection.
Our fee includes:
- Taking your instruction and advising on the merit of success
- Vetting documents
- Legal research
- Drafting a letter before claim
- Issuing claim if payment not received
- Applying default judgement if no defence or acknowledgement of service not filed
- Chasing payment after default judgment
- Further advice if payment not received within 21 days.
However, we cannot predict the exact time scale, but it may take up to 08 weeks from receipt of your instructions and receiving payment from the other side usually defendant, depending on whether or not we had to initiate claim in the court. Also, it depends on how quickly the other side makes payment on receipt of default judgement. Matters can delay further, if enforcement action is required.
All the work is carried out by Experienced and Qualified Solicitors Please visit our Key Personnel page
DISCLAIMER:
Please note that the information provided on this website does not, cannot constitute a legal advice or form a binding contract in between Capital one Solicitors and client, unless agreed between the parties. Also, emails or other forms of communication through this website should not be considered privileged.
