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60-66 Lugley Street / Newport / Isle of Wight / PO30 5EU
T: (01983) 524431E: [email protected] / W: www.roachpittis.co.uk
DEBTRECOVERYA cost-effective and transparent way
to pursue unpaid debts.
DEBT RECOVERYWe now provide an affordable debt recovery solution designed to offer you a cost-effective and transparent way to pursue unpaid debts.
At Roach Pittis we understand that cash flow is vital to the life
blood of any business. We understand that the cost of instructing
a solicitor to pursue debt recovery is often prohibitive. Our debt
recovery service has therefore been designed to offer you a cost
effective commercial recovery solution. Our fee structure enables
you to make an informed decision at an early stage as to how
much you want to invest in recovering bad debt, thus providing you
with control.
A little more detail…
Debt Recovery by Roach Pittis
Our debt recovery process is broken down into three stages...
Stage 1
Stage 2
The first stage is the pre-litigation stage in which we will write to your debtor upon your behalf demanding immediate payment of monies owed. The letter will threaten County Court proceedings or insolvency proceedings if the demand is not complied with. This is followed up with verbal communications if the debt remains unpaid.
In the event that a debt is undisputed, it is our experience that the majority of monies owed are paid at this early stage.
Please see the standard fee scale below for our services in acting upon your behalf in the pre-litigation stage.
The second stage is the litigation stage itself in which we issue a County Court Claim against the debtor.
Once we issue a County Court claim, the debtor will be served the claim by the Court and will then have 14 days in which to respond. If there is a failure to respond we will apply for Default Judgment and then move on to the enforcement Stage 3.
Please see the fee scale below of standard charges for Stage 2 action depending upon the level of debt owed.
Stage 3
If your debtor has not paid the monies owed during either of the previous stages, then we will have no option but to take enforcement action. This is an important stage because simply holding a County Court Judgment does not mean you will get paid.
There are a number of options available to us depending upon the level of the debt and we will discuss the best option with you.
Please see the table of standard charges and costs to make various applications to the Court.
Please note that if at any stage the debt is disputed, we will outline options and recommend the most appropriate course of action for you to take providing any estimate of legal costs. In those circumstances your case will fall outside of our standard fee scales.
Alternatively, no win, no fee…
We may be able to act for you on a “no win, no fee” basis, whereby we only get paid if we recover the debt. This has the benefit of no upfront cost to your business and we are paid simply based upon results. If this payment structure is of interest to you, please let us know.
OUR SERVICES We Offer Services in these areas of Law:
Conveyancing
Criminal Law
Family
Accident Claims
Wills, Estates and Taxes
Employment Law
Dispute Resolution
Lasting Power of Attorney
Improve cash flow throughcost effective debt recovery.
Please call, email or write to Lee Peckham
T: (01983) 524431
60-66 Lugley Street / Newport
Isle of Wight / PO30 5EU
Debt Owed
Up to £1,000
£1,001 - £10,000
£10,001
Our Fee
£50 + VAT (add £25 +VAT for each extra defendant)£90 +VAT (add £45 +VATfor each extra defendant)£150 +VAT (add £75 +VATfor each extra defendant)
Debt Owed Our Fee Court Fee
Up to £1,000 £35 - £70
£1,001 - £10,000 £80 - £455
£10,001 - £100,000 5% of claim value
£100,001 - £200,000 5% of claim value
£100 +VAT (add £50+VATfor each extra defendant)£200 +VAT (add £100 +VAT for each extra defendant)£300 +VAT (add £150 +VAT for each extra defendant)£500 +VAT (add £250 +VAT for each extra defendant)
£100 +VAT
£100 +VAT
£100 +VAT
£100 +VAT
Charged on an hourly basis to be agreed in advance based upon the circumstances of the case
Oral examination
Application for Writ of Control (a High Court Enforcement Officer – only applicable where debt exceeds £600)
An Application for an Attachment of Earnings Order
Application for Third Party Debt Order
Application for a Charging Order
£55 + process server’s fees
If unsuccessful: £60 Court fee + Baliff’s fee of £75 +VAT If successful: £60 Court fee
£110
£110 + possible representation at Court (fee to be agreed)
£110Land Registry fee £40
Enforcement action Our Fee Court Fee
