TRANSPARENCY IN PRICING
DEBT RECOVERY SERVICES

Coltman Warner Cranston (CWC) is committed to providing transparency in pricing in line with the SRA Transparency Rules.

PRE-LEGAL MATTERS

Our charge for sending a Letter Before Action (LBA) ranges from £3.00 to £50.00. This is based on the volume of cases we are instructed to recover, and the age of the debt owed. Alternatively, a no win no fee commission can be agreed in place of a fixed fee, if appropriate for CWC. Where relevant, our LBAs are fully compliant with the Pre-Action Protocols as set out by the Ministry of Justice.

In the event of a protracted matter we may also charge for additional work. If we do render an additional charge, it will be a fixed amount of £12.50 per letter/email.

LEGAL MATTERS

On issue of proceedings fixed costs and disbursements are charged at the current rates as set out in the following schedules, and these are recoverable from the debtor.

CLAIMS ISSUED VIA COUNTY COURT BUSINESS CENTRE ("CCBC") IN NORTHAMPTON

Debt Amount Court Costs Court Fees Total
Up to £300.00 £50.00 £25.00 £75.00
£301.00 - £500.00 £50.00 £35.00 £85.00
£501.00 - £1,000.00 £70.00 £60.00 £130.00
£1,001.00 - £1,500.00 £80.00 £70.00 £150.00
£1,501.00 - £3,000.00 £80.00 £105.00 £185.00
£3,001.00 - £5,000.00 £80.00 £185.00 £265.00
£5,001.00 - £9,999.99 £100.00 £410.00 £510.00

Where the debt amount exceeds £10,000.00, the solicitors' costs are £100.00 and the court fee is 4.5% of the debt, including any interest and late payment compensation, with a capped court fee of £10,000.00.

CLAIMS ISSUED VIA THE COUNTY COURT MONEY CLAIMS CENTRE ("CCMCC") IN SALFORD

Where it is not practicable to use the CCBC, claims will be issued via the County Court Money Claims Centre in Salford and the following charges will apply:

Debt Amount Court Costs Court Fees Total
Up to £300.00 £50.00 £35.00 £85.00
£301.00 - £500.00 £50.00 £50.00 £100.00
£501.00 - £1,000.00 £70.00 £70.00 £140.00
£1,001.00 - £1,500.00 £80.00 £80.00 £160.00
£1,501.00 - £3,000.00 £80.00 £115.00 £195.00
£3,001.00 - £5,000.00 £80.00 £205.00 £285.00
£5,001.00 - £9,999.99 £100.00 £455.00 £555.00

Where the debt amount exceeds £10,000.00, the solicitors' costs are £100.00 and the court fee is 5% of the debt, including any interest and late payment compensation, with a capped court fee of £10,000.00.

HOURLY RATES FOR DEFENDED ACTIONS/COMPLEX MATTERS

If your claim is defended at any stage then Coltman Warner Cranston has the experience to progress the case on your behalf and to represent you at any Court hearings. All work is carried out by our fully qualified and experienced lawyers.

You will be advised of the cost effectiveness of pursuing a defended debt and the level of our involvement can be tailored to meet your requirements depending upon the value of the clam.

Due to the complexities in dealing with defended actions, the standard Debt Recovery pricing will not apply and all work will be carried out on a time-spent basis.

Our hourly rates, subject to case complexity range from £125.00 - £275.00 plus VAT, depending upon the qualification of the lawyer instructed.

JUDGEMENT & ENFORCEMENT CHARGES

Enforcement of the County Court Judgment will be made using either the Court Bailiff, or High Court Enforcement Officer (HCEO), dependent on the Judgment amount:

Judgment Amount Costs Fees Total
£126.00 - £600.00 £24.25 £77.00 £101.25
£600.00 - £5,000.00 £73.75 £66.00 £139.75
£5,000.00 + £81.75 £66.00 £147.75

In the event that a recovery is made successfully, you will only pay VAT on the costs figure.

Where a recovery is not made you pay the amount shown in the total column, if the HCEO has been instructed their abortive charge will also be payable, this is usually £75.00.

ALTERNATIVE ENFORCEMENT METHODS AND CHARGES

ATTACHMENT OF EARNINGS
Court Fee * £110.00
Our Charges £35.00
CHARGING ORDER
Court Fee * £110.00
Court Costs * £110.00
Oath Fees * £5.00
Land Registry Fees * £40.00
Agents Fees (if required) £75.00
Our Charges £45.00 - £110.00
ORDER TO OBTAIN INFORMATION FROM A JUDGMENT DEBTOR
Court Fee * £55.00
Our Charges £30.00
Process Server’s Fees £85.00
THIRD PARTY DEBT ORDER
Court Fee * £110.00
Our Charges Hourly rate to be agreed in advance
Agents Fees (if required) £75.00

The above items marked with an asterisk (*) are recoverable from the Judgment Debtor.

INSOLVENCY MATTERS

The following figures are provided as an estimate for straightforward actions. Problems with service and/or disputes necessitating in possible adjournments are likely to incur additional costs and disbursements. On this basis an hourly rate is likely to apply where insolvency matters are not straightforward. All work is carried out by our fully qualified and experienced lawyers.

BANKRUPTCY
Preparation of the Statutory Demand £55.00
Process server’s fee for service of the Statutory Demand £85.00
Official Receiver's deposit £990.00
Court fee £280.00
Preparation of the Petition £150.00
Process server’s fee for service of the Petition £85.00
Preparation for final hearing £150.00
Agent's fees £100.00
TOTAL £1,895.00 + VAT
WINDING UP
Letter of Demand £10.00
Preparation of the Statutory Demand £55.00
Process server’s fee for service of the Statutory Demand £85.00
Official Receiver's deposit £1,600.00
Court fee £280.00
Preparation of the Petition £150.00
Company search fee £5.00
Process server’s fee for service of the Petition £85.00
London Gazette Advertisement £58.00
Preparation for final hearing £150.00
Counsel's fees £105.00
TOTAL £2,443.00 + VAT

N.B. COURT FEES ARE PRESCRIBED BY THE MINISTRY OF JUSTICE AND ARE USUALLY INCREASED EACH YEAR.

Coltman Warner Cranston LLP is a Limited Liability Partnership registered in England and Wales registered number 0C316217, Authorised and regulated by the Solicitors Regulation Authority and is subject to the Solicitors Code of Conduct, which can be accessed at www.sra.org.uk. The Members are Larry Coltman and Over Payment of Salary Limited.

The registered office is Unit 3 The innovation Village, Coventry University Technology Park, Cheetah Road, Coventry CV1 2TL. VAT Registration No. 874 4060 19, Consumer Credit Licence No. 643288/1, Data Protection Act Licence Z9286263