Offices

Hull
London
Leeds

Offices

Hull
London
Leeds

Commercial Debt Recovery

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COMMERCIAL DEBT RECOVERY

Pay as little of 3.5% of the original debt

START TURNING UNPAID INVOICES INTO WORKING CAPITAL

Businesses in the UK are owed billions in unpaid invoices or late payments.  A third of small businesses are forced to write off thousands in unpaid bills each year because they are reluctant to chase up late paying or no paying customers.  At the heart of this reluctance lies a fear of instituting legal proceedings. However, with the correct solutions and support, the process needn’t be complicated, expensive or drawn out. Chances are that your debtors may not contest a formal demand for payment.

The Civil Justice Statistics for England and Wales shows that for the period January – March 2016, of the 437,000 court claims commenced less than 9% progress to a hearing.  These figures show that the cash flow benefits of recovering your unpaid invoices far outweigh doing nothing. You can do it yourself with our helpful Debt Recovery Proceedings Document Template Pack which you can use as many times as you require for a one-off cost. If you require the assistance of our expert debt recovery solicitors, then choose from any of the packages below and we can handle the process from start to finish. For a fast and expert assessment of your case call us on 01482 616 616 or 0800 037 1305.

 

No Win No Fee

Debt Recovery Package

£0

No-payers or slow-players can put a strain on the cash-flow of any business operation.

So if you have genuine and uncontested debt to recover but can’t afford to strain your already stretched resources by shelling out on expensive legal fees, then subject to our being satisfied that there is an adequate chance of success, then you can pay us nothing until you get paid.

The process is handled by our expert legal professionals with many years of debt recovery experience who will get your invoices paid and fast.

This Package Includes:

  • Letter before action
  • Issue of legal proceedings
  • Judgement and enforcement of Judgement

You pay:

  • Nothing if we fail to recover the debt or 50% of the Debt Recovered
  • Court Fees

Letter Before Action

Fast Reduced

£25


With our ultra cost-effective solution, allow us to deal with this all-important first step in the legal debt recovery process.

Statistics show that 70% of debtors pay back debt owed within 7 days of a letter before action being sent out, allowing you to improve your revenue stream even with aged debts.

Our letters, drafted by legal professionals with many years of debt recovery experience will get your invoices paid fast.

  • No setup charges or retainers
  • No commission charges
  • No percentage charges
  • No hidden extras

All you have to do is let us know who owes you money, their address and how much they owe. We’ll then send the letter before action. In most cases, you can expect the matter to be settled within 7 days.

Make use of this special fee reduction – Available for a limited time only.


Fixed Cost

Debt Recovery Package

£675

With our ultra cost-effective solution, allow us to deal with this all-important aspect of your business – the legal debt recovery process.

The process will be handled by our expert legal professionals with many years of debt recovery experience.

  • No setup charges or retainers
  • No commission charges
  • No percentage charges
  • No hidden extras

All you have to do is let us know who owes you money, their address, provide us with a copy of the invoice & how much they owe.

This Package Includes:

  • Issue of legal proceedings
  • Including Application Notice and draft Statement of Claim
  • Entering Judgement if claim is undefended

You pay:

  • £675 plus VAT
  • Court Fees – see fee schedule below.

*these figures are correct at this time but are subject to change

Court Fees

The court fee is based on the amount you are claiming.

Claim amount Court Fees (Money Claims Online)
Up to £300 £25
£300.01 to £500 £35
£500.01 to £1,000 £60
£1,000.01 to £1,500 £70
£1,500.01 to £3,000 £105
£3,000.01 to £5,000 £185
£5,000.01 to £10,000 £410
£10,000.01 to £100,000 4.5% of the claim

No Win No Fee - Debt Recovery

First Stage – Debt Recovery

This includes:

  • First debt chaser letter
  • Second debt chaser letter (Optional)
  • 7 day Letter Before Action

If the debt is recovered at this stage, we charge 15% of what we recover.  If payment of the debt has not been secured and where we consider there is a satisfactory prospect of success we will move to the second stage.  We will advise you if we do not feel that there is a satisfactory chance of being able to recover the debt on your behalf.

Second Stage – Undefended Claims

We will:

  • Issue court proceedings;
  • Obtain default judgement;
  • Instruct Bailiffs/High Court Enforcement Officers

We charge 30% of what we recover on behalf of our client. Our client is responsible for paying all disbursments (Court & Bailiff/High Court Enforcement & Sheriffs Fees). In all cases we will seek to recover late payment interest and compensation for late payment. 

For amounts in excess of £10,000 we will seek to obtain an award for your legal costs in addition to the outstanding debt and late payment interest and compensation.

Please note that our ability to accept to carry out work on a no-win no-fee basis is subject to us being satisfied of a reasonable prospect of success which we will decide in our absolute discretion and which we continue to monitor at each stage of the proceedings.  

Where it appears to us that there is no reasonable prospect of success we reserve the right to cease acting on a no-win no-fee basis

Third Stage – Defended Claims

The court will usually inform us when a claim becomes defended and in the unlikely eventuality, that debtor decides to challenge your claim, we will:

  • Handle case management directions
  • Including draft witness statements & cost budgeting
  • Attend or instruct counsel to attend the hearing on our behalf
  • Obtain judgement;
  • Instruct High Court Enforcement Officers

We charge 50% of what we recover on behalf of our client or according to our hourly rate or where we are not sufficiently satisfied as to the prospect of success then according to our hourly rate.

Our client is responsible for paying all disbursements (Court, Counsel’s Fees & Bailiff/High Court Enforcement & Sheriffs Fees). In all cases we will seek to recover late payment interest and compensation for late payment.

For amounts in excess of £10,000 we will seek to obtain an award for your legal costs in addition to the outstanding debt and late payment interest and compensation.

Example 1

Our client came to us with debt of £500 to recover. Late payment interest was added the original debt.

Our client recovered £484.50 after payment of all fees.

Example 2

Our client came to us with a debt of £13k.  Late payment interest plus compensation was added to the debt and recovered.

Our client recovered £13,260 after payment of all fees.

To get the process started, select the appropriate package and complete and submit the form and we will be in touch with you.

Fixed Fee - Annual Legal Advice

If you are a busy finance or credit manager with a number of invoice disputes each year, you may like to be able to regularly call us up and ask for advice without the clock ticking. For a single yearly fee or easy payment option of 10 monthly payments, clients can contact us for unlimited advice relating to contractual disputes, dispute resolution and reviews of your Terms of Business.

What is included?

  • An initial interview to discuss and assess your requirements
  • Annual Business Legal Health Check
  • Review of your Terms & Conditions
  • Quarterly newsletters & Legal updates
  • A dedicated Commercial solicitor point of contact
  • Discounted hourly rates for work not provided within the Annual Subscription Legal Advice Service

 

Special Offer!
Typically, priced at a single payment of £5,000 per annum but for a limited time only, this is offered at £3,000 or 10 monthly easy payments of £350. Offer is for a limited time only and subject our fair use policy.  VAT & Disbursement is charged in addition to all figure

For more information on our Fixed Fee - Annual Legal Advice Service, please click here.

Call us on 01482 616 616 or 0800 037 1305 to discuss your requirement.

About Hallmark Solicitors

Positive Efficient Dynamic

Hallmark Solicitors is a firm of business lawyers, genuinely committed to the success of their clients and stakeholders through the excellence of service we provide covering a range of commercial corporate and private dispute resolve issues.

With offices in London, Leeds and Hull, our reach and range of involvement and the depth of our expertise is truly extensive. Our aim is to understand our client and their needs through an initial in-depth and on ongoing assessment of their requirements, which enables us to provide precise and tailor fit solutions.

When Results Really Matter

Our success has been and continues to be achieved by offering client’s an unrivalled standard of service based on careful and accurate research of issues enabling us to offer pragmatic and focused pro-active advice reflecting the reality of situations. This in turn allows client’s to make well informed decisions concerning their business ventures, offering them the best possible prospect to exploit opportunities and overcome problems, no matter how complex or daunting.

Our skilled, experienced and dedicated team of solicitors possess the necessary knowledge of national and international law to advise on a wide spectrum of commercial and corporate legal issues ensuring that clients can move ahead confident that they are complying fully with all legislation and that corporate responsibilities are being entirely accommodated.

Committed to Our Clients’ Success

Hallmark Solicitors operate successfully in many areas of commercial litigation, company and commercial law and are able to offer guidance and advice on matters including, amongst others, partnership and shareholder agreements, corporate finance, franchising, MBO’s and corporate reorganisation, employment law & several aspects of commercial and tax dispute resolution.

Excellence is our Hallmark

At the core of all that we do is the desire to provide excellence of service. Our strategy is thus to provide our clients with the assistance and advice that they require based on a clear understanding of objectives and to function as a partner to enable their targets to be achieved in a timely, cost effective and efficient manner.

As part of our commitment to excellence of service we offer a free initial consultation to establish how we might work together to achieve success. No matter what your business needs, our team of skilled, experienced and knowledgeable solicitors provide advice based on your declared objectives

Our Services

  • Tax Dispute Resolution
  • Commercial Dispute Resolution
  • Property Dispute Resolution
  • Franchise Disputes Resolution
  • Contract Dispute Resolution
  • Intellectual Property Dispute Resolution
  • Professional Negligence
  • Defamation
  • Company Disputes
  • Commercial Law Advice
  • Commercial Property Law

Contact us

Excellence is our Hallmark

Hallmark Solicitors - Authorised and regulated by the Solicitors Regulation Authorities

Legal Notices

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Hallmark Solicitors
Chandlers Court
158/159 High Street
Hull
HU1 1NQ

London
2nd Floor,
Berkeley Square
London
W1J 6BD

Leeds
West One
114 Wellington Street
Leeds
LS1 1BA