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Business Debt

Chasing customers, clients and companies who owe money can be time-consuming, infuriating and damaging to cash flow. We understand the importance of balancing the impact of bad debts against the cost of recovery, which is why our service is tailored to each individual client.

We are able to provide varied services from the sending of a Letter Before Action (which can often focus the debtors' mind leading to prompt payment) through to the service of a statutory demand or the issuing of Court proceedings.

We aim to provide an efficient, transparent service that is competitively priced. Our team has more than 15 years of experience in dealing with the recovery of corporate debt on behalf of local and national companies. We provide a service that is so successful that many of our clients provide us with further instructions and they also recommend our service to their associates. We provide our clients with advice regarding the best course of action available and ensure that they are regularly updated and informed throughout the process. This service eliminates any hidden surprises or costs.

Some of the services we are able to offer are:

  • Pre checks
  • Letter Before Action (including demands for payment, interest and compensation)
  • Issuing of Court proceedings
  • Obtaining County Court and High Court Judgements
  • Advice regarding enforcement of Judgements
  • High Court Enforcement/Bailiffs
  • Applications for Charging Orders (and where appropriate Orders for Sale)
  • Statutory Demands
  • Winding up petitions
  • Bankruptcy petitions
  • Tracing people and assets
  • Applications for an Order to attend court for questioning on assets (Oral Examination)

Debt Recovery Pricing

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.

Letter before action £100.00 plus VAT

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 Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default
  • When Judgement in default in received, write to the other side to request payment
  • If payment is not received within a certain number of days, providing you with advice on the next steps and likely costs

Debt value

Court fee

Our fee (incl. VAT)

Total

Up to £5,000

£455

£35 to £205 (plus VAT)

£490 to £660

£5,001 - £10,000

£455

£350 (plus VAT)

£805

£10,001 - £25,000

5% value of the claim

£450 (plus VAT)

£TBC

£25,001 - £50,000

5% value of the claim

£Hourly Rate (plus VAT)

CLD = £150.00

KH = £200.00

£TBC

Meet our team of legal advisors



Corby Assistants

Ashleigh Towerton


Secretary



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Dispute Resolution and Civil Litigation


"May I take this opportunity to thank you Kay for your support and assistance throughout this case, both Paul and I sincerely appreciate everything you have done to resolve this!"

Mrs Scott (June 2018)

 

“Thank you Kay, you made a very difficult time in my life the best it could be…  I thank you from the bottom of my heart.”

Anonymous (May 2018)

 

“Excellent all round advice was given, was of good quality and promptly provided. I have already recommended your firm to relatives and will consider you for future legal work”.

Mr Greenwood






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Weekley & Warkton Cricket Club Sponsorship


Date Added 02/08/2019 12:00:00


Teams from the junior section of the Weekley & Warkton Cricket Club recently attended their annual presentation evening which was held at the clubs main ground at Boughton Park in Weekley, Northamptonshire at the end of the 2019 season. Sponsored by Lamb & Holmes, the thriving youth section has seen a significant increase in young people wanting to take part in the skilful and traditional English summer sport over recent years. Members of the junior section, along with coaches...
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Lamb and Holmes Solicitors have offices in Kettering and Corby, Northamptonshire.

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