Debt Recovery Information and Fees. For a debt up to £100,000 that is undisputed.
Our Debt recovery is undertaken by the Principal of this practise, Savvas Panayiodou, who has over thirty years’ experience in debt recovery. His details are given in the About Us section of our website
Our charges:
Our overall fees vary depending upon how complex your case is and what you would like us to do. For a free quote specifically tailored to your circumstances please email savvas@southgateandco.co.uk. We would be more than happy to discuss your case.
Our fees
The costs below 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 amount |
Court Issue Fee |
Our Fees |
VAT on Our fees |
Our fees including VAT |
| Up to £5,000 |
£35.00 - £205 |
£500 |
£100 |
£600 |
| More than £5000 But not more than £10,000 |
£455.00 |
£1,500 |
£300 |
£1800 |
| More than £10,000 but not more tha £100,000 |
5% value of Claim |
£2,500 |
£500 |
£3000 |
Anyone wishing to proceed with a claim should note that:
• VAT will be charged on our fees at the standard rate applied by the government currently 20%.
• 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 the 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 paymentt
• If payment is not received within 21 days, providing you with advice on next steps and likely costs
Matters usually take 12 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 Judgement in default. If enforcement action is needed, the matter will take longer to resolve.