LKNY LAW
Tel: 020 8735 6500
LKNY LAW is regulated by the Solicitors Regulation Authority
Registration Number 524564
Fee earners:
Natalie Yethman
Peter Kalpakiotis
Terry Liston
OUR CHARGES FOR UNCONTESTED COMMERCIAL DEBT RECOVERY FOR BUSINESSES
INITIAL CHARGE: One hour at Fee Earners hourly rate. Perusing papers, advising and letter before claim. *
ON ISSUE OF CLAIM FORM OUR CHARGES ARE THE SOLICITORS FIXED COSTS * ON THE CLAIM FORM (Plus 20% Vat)
Value of the claim exceeds £25 but does not exceed £500.......... £50
Value of the claim exceeds £500 but does not exceed £1,000......£70
Value of the claim exceeds £1,000 but does not exceed £5,000...£80
Value of the claim exceeds £5,000................................................£100
ON APPLICATION FOR DEFAULT JUDGMENT
SOLICITORS FIXED COSTS ON ENTRY OF JUDGMENT
From £22 TO £55
* The above costs are recoverable from the debtor/defendant
COURT FEES ON ISSUE OF CLAIM FORM *
Up to £300............................................................... ..£35
Greater than £300 but no more than £500.............. ..£50
Greater than £500 but no more than £1,000........... ..£70
Greater than £1,000 but no more than £1,500........ ..£80
Greater than £1,500 but no more than £3,000....... .£115
Greater than £3,000 but no more than £5,000....... .£205
Greater than £5,000 but no more than £10,000...... £455
Greater than £10,000 but no more than £200,000 5% of the value of the claim
*The above Court Fees are recoverable from the debtor/defendants
HIGH COURT ENFORCMENT COSTS
COURT FEE ON WRIT OF CONTROL..................... £71
SOLICITORS COSTS...................... ...................£117.50
COMPLIANCE FEE.............................................£ 90.00
STATUTORY DEMAND: £1,500.00 (Plus Vat)
WINDING UP PETITION: £5,000.00 (Plus Vat)
Time estimates for commercial debt recover matters vary from case to case. The average life span of a matter is 3 months. However, some matters are settled within days and some cases can continue for years. In uncontested cases we can usually apply for default Judgment within 3 weeks of proceeding being issued.
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