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Cheyney Goulding

Cheyney Goulding Solicitors

t: 01483 56 76 76   e: legal@cheyneygoulding.co.uk

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Debt Recovery

10/01/2023 by

These costs apply where your claim is in relation to an unpaid invoice(s) which is not disputed but not admitted and enforcement action is not needed. Following obtaining a default judgment if the other party disputes your claim at any point, or the case is complex, or has significant documentation, we will discuss any further work required and provide you with revised advice about costs if necessary, which could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.

Claim AmountLegal Fee (excluding VAT)
£0-£10,000£500-£2500
£10,001-£100,000£500->£5000

If a claim is issued, you will need to pay a court fee in addition to our legal fees. Details of the applicable fee can be found here. You may have to pay more fees later on if, for example, there’s a court hearing or you need to get a judgment enforced.

Anyone wishing to proceed with a claim should note that:

  • The VAT element of our fee cannot be reclaimed from your debtor;
  • Interest and compensation may take the debt into a higher banding, with a higher cost;
  • The costs quoted above are not for matters where enforcement action, such as the bailiff, is needed to collect your debt; and
  • The costs quoted above do not include additional disbursements, such as obtaining advice from Counsel that may need to be obtained.

Our fee includes:

  • Taking your instructions and reviewing documentation;
  • Undertaking appropriate searches;
  • Sending a letter before action;
  • Receiving payment and sending onto you, or if the debt is not paid, drafting and issuing claim (if counsel not instructed);
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgment in default;
  • When Judgment in default is received, write to the other side to request payment; and
  • If payment is not received within 28 days, providing you with advice on next steps and likely costs.

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Matters usually take 2-4 weeks from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim.

Name:Position:Hourly Rate excluding VAT (£):Date qualified as a solicitor or other status:
Graham YoungMember Partner£37501/11/85
Rebecca GowingPartner£35001/04/11
Senior Solicitor£32505/01/04
Solicitor£25003/06/19
Paralegal/Trainee Solicitor£195n/a

References to “VAT” is to Value Added Tax at the standard rate which is currently 20%.  Disbursements may also be subject to VAT.

For further information on any member of our team please visit our Team page.

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Email:   legal@cheyneygoulding.co.uk

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Cheyney Goulding LLP is a limited liability partnership registered in England and Wales with registered number OC329864 and VAT number 641411771. The registered office and principal place of business is at Ward House, 6 Ward Street, Guildford, GU1  4LH. The members are G.R. Young and T.M. Marshall.

Cheyney Goulding LLP is authorised and regulated by the Solicitors Regulation Authority and our professional code of conduct can be accessed here.

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