Property
Buying and selling houses, transfers of equity, remortgages, commercial property, granting new leases, lease extensions.
👉 Carpenter & Co charges for dealing with Onboarding and AML checks £50 plus VAT of £10
Cash flow is crucial to your business. Unfortunately, there are many clients who are happy to abuse your good nature and not pay you or pay you late. Here at Carpenter & Co, we undertake both consumer debt recovery and commercial debt recovery for a range of private and business clients.
The key to effective consumer and commercial debt recovery is knowing the debtor and adopting the most appropriate and cost-effective strategy to achieve the remedy. Our debt collection services can be tailored to one-off debts or bulk collection and comply with all debt collection laws and regulations, including the Pre-Action Protocol for Debt Claims which is in force from 1st October 2017.
We also have a vast experience of taking enforcement action to recover judgment debts such as instructing the High Court Enforcement Officer (HCEO) or the County Court Bailiff to seize and sell the judgment debtor’s goods to the value of the debt and the costs of enforcement; obtaining charging orders on property and orders for sale; third party debt orders; and attachment of earnings orders. In appropriate circumstances, we may also consider the use of statutory demands and insolvency proceedings.
Prices for the services we provide
Range of fixed fees for a business to business debt that is undisputed
The fees stated below are for the period commencing 1st October 2023. It is our policy to review our fees annually.
Court Claims
These costs apply where your claim is in relation to an unpaid invoice which is not disputed and enforcement action is not needed. If the other party disputes your claim at any point, 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.
| Debt Value | Court Fee | Our Fee (inc 20% VAT) | Total |
|---|---|---|---|
| Does not exceed £300 | £35.00 | £86.40 | £121.40 |
| Exceeds £300 but does not exceed £500 | £50.00 | £86.40 | £136.40 |
| Exceeds £500 but does not exceed £1,000 | £70.00 | £110.40 | £180.40 |
| Exceeds £1,000 but does not exceed £1,500 | £80.00 | £122.40 | £202.40 |
| Exceeds £1,500 but does not exceed £3,000 | £115.00 | £122.40 | £237.40 |
| Exceeds £3,000 but does not exceed £5,000 | £205.00 | £122.40 | £327.40 |
| Exceeds £5,000 but does not exceed £10,000 | £455.00 | £264.00 | £719.00 |
| Exceeds £10,000 but does not exceed £25,000 | 5% value of the claim | £800.00 | £1,300.00 – £2,049.95 |
| Exceeds £25,000 | 5% value of the claim up to a maximum of £10,000 | £1,800.00 | £3,050.00 – £11,800.00 |
Carpenter & Co charges for dealing with Onboarding and AML checks £50 plus VAT of £10
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.
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
- Where no Acknowledgement of Service or Defence is received, applying to the court to enter Judgement in default
- When Judgement in default is received, write to the other side to request payment
- If payment is not received within 30 days, providing you with advice on next steps and likely costs
Matters usually take 6-8 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. This is on the basis that the other side pays promptly on receipt of Judgment in default. If enforcement action is needed, the matter will take longer to resolve.
Please contact Paul Verlander by email at PaulV@carpenterssolicitors.co.uk or by telephone on 020 8669 5145 for further information.
Where people come first. Where personal service matters.
Where price matters.
Where price matters.
Wills & Probate
Making a will. Probate (administration of a deceased person’s estate). Lasting Powers of Attorney. Deputyship (making decisions for someone who lacks mental capacity).
Family matters
Divorces, including fixed fee uncontested divorce. Prenuptials and Cohabitation agreements. Access to children, custody of children.
Dispute Resolution
All aspects of Civil Litigation including: Employment disputes, Personal injury claims, Clinical Negligence claims, Landlord and Tenant disputes, Debt Recovery, Boundary Disputes.
Contact Us
Contact a member of the Carpenter & Co team by using the form below. We’ll aim to get back to you the same day.
