Business Services
Debt Recovery
Strategic commercial debt recovery and enforcement proceedings
Strategic commercial debt recovery and enforcement proceedings
Unpaid commercial debts threaten cash flow, working capital, and business viability. Our team provides strategic debt recovery services combining robust litigation with commercial pragmatism to recover outstanding debts efficiently and cost-effectively.
From straightforward debt recovery proceedings to complex enforcement actions involving freezing orders and cross-border asset tracing, we represent businesses across all sectors in commercial debt recovery. Our approach maximises recovery prospects while managing costs and maintaining commercial relationships where appropriate.
From pre-action protocols to enforcement proceedings, we provide strategic counsel across all debt recovery stages.
Fast-track and multi-track debt recovery proceedings, default judgment applications, summary judgment, and defense of spurious defenses and counterclaims.
Service of statutory demands for corporate and individual debts, winding up petitions, bankruptcy petitions, and defense/setting aside applications.
Enforcement by High Court writs, charging orders, third-party debt orders, attachment of earnings, and enforcement against goods.
Urgent freezing order applications to prevent asset dissipation, proprietary injunctions, search orders, and disclosure orders against debtors and third parties.
Winding up petitions, administration applications, company voluntary arrangements, proof of debt in insolvency proceedings, and creditor rights enforcement.
Cross-border debt recovery, enforcement of foreign judgments, worldwide freezing orders, and coordination with international counsel.
Cost-effective, strategic debt recovery maximising recovery prospects while managing litigation costs.
Swift action maximises debt recovery prospects. We initiate pre-action protocols immediately—combining formal demand letters with strategic negotiation to achieve early settlement before incurring substantial litigation costs.
Debt recovery must be cost-effective to deliver value. We employ proportionate litigation strategies including fast-track proceedings, summary judgment applications, and efficient enforcement to maximise net recovery.
Obtaining judgment is only the first step—enforcement delivers recovery. We pursue debtors aggressively through all available enforcement mechanisms including High Court writs, freezing orders, and insolvency proceedings.
Not all debts are worth pursuing through litigation. We provide realistic advice on recovery prospects, debtor solvency, and cost-benefit analysis—ensuring debt recovery strategy aligns with commercial objectives.
Dedicated debt recovery practice with expertise across litigation, enforcement, insolvency, and asset recovery delivering efficient debt recovery outcomes.
Proven track record of successful debt recovery including substantial recoveries through litigation, enforcement proceedings, and negotiated settlements.
Proportionate fee structures and cost-effective strategies ensuring debt recovery delivers positive returns and value for creditor clients.
At New South Law, we believe in clear, transparent pricing for our debt recovery services. Below you'll find our typical fees and service information in line with the SRA's transparency rules.
All fees are exclusive of VAT (currently 20%) unless stated otherwise.
We help individuals and businesses recover outstanding debts through negotiation or court action. Our services include, but are not limited to:
Each matter is unique, and we tailor our approach to your situation. In all cases we will discuss the scope of our work and confirm what is included (and what is not) in our quoted fee.
For straightforward, uncontested debt recovery cases, we offer fixed fee packages based on the value of the debt. The fixed fees (excluding VAT and disbursements) are:
| Debt Value | Letter Before Action[1] | Settlement Agreement[2] | Issuing a Claim[3] | Judgement in Default[4] |
|---|---|---|---|---|
| Up to £5,000 | £250 | £200 | £600 | £150 |
| £5,001 – £10,000 | £350 | £250 | £800 | £200 |
| £10,001 – £50,000 | £500 | £350 | £1,500 | £300 |
| Over £50,000 | Please contact us for a quote | |||
[1] No additional fees if LBA results in debtor paying the entire sum without the need of negotiating agreement or repayment plan
[2] Includes negotiations with the Debtor and the need to sign the formal Settlement agreement.
[3] Net of disbursements (expenses e.g. court fees)
[4] Net of disbursements (expenses e.g. court fees)
Where possible, we will seek to recover our fees from the debtor by adding them to the debt under the Late Payment of Commercial Debts (Interest) Act 1998, or any other applicable contractual provisions or legislation.
If your case is disputed, involves significant complexity, or falls outside the bands above, unless agreed otherwise, we charge on an hourly rate basis. Our current hourly rates are:
| Grade | Description | Hourly Charging Rate |
|---|---|---|
| A | Solicitors with over eight years post qualification litigation experience. | £295 + VAT |
| B | Solicitors and other members of our team who do not fall into category A but who have over four years post qualification litigation experience. | £247 + VAT |
| C | Solicitors or other members of our team of equivalent experience who do not fall into categories, A or B. | £201 + VAT |
| D | Other lawyers and members of our team of equivalent experience who do not fall into categories A, B or C. | £142 + VAT |
We will estimate the likely number of hours based on the complexity. You will always receive a clear costs estimate before we proceed.
(We may also be able to agree a fixed or capped fee for specific stages or tasks in a complex matter.)
All fees quoted above are exclusive of VAT. VAT at the prevailing rate (currently 20%) will be added to our charges and to most of the disbursements we incur (except court fees, which are VAT-exempt). We will show VAT as a separate line in any invoice.
Contact us today to discuss how we can support your business needs.
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