If you are owed more than £750 from a company and the debt is undisputed, you can ask the court to liquidate the company. Once a winding-up petition has been advertised in the London Gazette, the company’s bank will freeze the account causing serious problems for the company as well as alerting other creditors to support the Petition.
Directors lose control of the company’s finances to a liquidator and remain personally responsible for any personal guarantees given. In specific industries, the directors can be banned from operating in that trade for a period of time.
A winding-up petition should not be used as a debt recovery tool for disputed debts; however, it applies pressure on the directors like no other and puts them under immediate pressure to settle the debt. We are skilled in identifying whether this is the best course of action for you to recover your debt.
Court Claims
These costs apply where your claim is in relation to an unpaid invoice (business to business) which is not disputed and enforcement action is not needed. If the other party (the debtor) 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 value |
Court issue fee |
Our fee inc VAT |
Total |
Up to £300 |
£25.00 |
£ 95.00 |
£120.00 |
£300.01 to £500 |
£35.00 |
£120.00 |
£155.00 |
£500.01 to £1,000 |
£60.00 |
£240.00 |
£300.00 |
£1,000.01 to £1,500 |
£70.00 |
£290.00 |
£360.00 |
£1,500.01 to £3,000 |
£105.00 |
£350.00 |
£455.00 |
£3,000.01 to £5000 |
£185.00 |
£600.00 |
£785.00 |
£5,000.01 to £10,000 |
£410.00 |
£900.00 |
£1,310.00 |
£10,000.01 to £20,000 |
4.5% of the claim |
£900.00 |
To be confirmed based on the value of a claim |
£20,000.01 to £50,000 |
4.5% of the claim |
£1,200.00 |
To be confirmed based on the value of a claim |
£50,000.01 to £75,000 |
4.5% of the claim |
£1,750.00 |
To be confirmed based on the value of a claim |
£75,000.01 to £100,000 |
4.5% of the claim |
£1,950.00 |
To be confirmed based on the value of a claim |
Anyone wishing to proceed with a claim should note that:
Our fee includes:
Matters usually take 4 -8 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 Judgment in default. If enforcement action is needed, the matter will take longer to resolve.
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