Debt Recovery for Business
Running a business is not always easy. There can be too much red tape and admin, and not enough time to actually do the work. This is often made worse by customers who are reluctant or slow payers. Such customers are not only frustrating but can cause problems with cash flow and be an unnecessary drain on your time, stopping you working for other customers who will pay their invoices on time.
Your difficulties are compounded by the fact that in small claims cases, you are not usually able to recover your legal costs. In some cases this can mean that most, or even all, of any damages you are awarded go straight to pay your solicitor. You win your case, but are no better off.
It may come as a surprise to you that the court sets the small claims limit at £10,000. That is not small to most people. To help you manage such claims, we at PGM have introduced a scheme of fixed fees in small claims cases. The fee scale is linked to the value of the claim, this means that you know your potential legal costs before you start the case and will never be left in a position where you leave with nothing, even if you win the case.
Let us chase the debt for you and free up your time to enable you to do what you do best: run your business.
Value of Claim / Counter Claim Legal Fees
Up to £2,000 £750.00
£2,001 – £3,000 £1,000.00
£3,001 – £5,000 £1,750.00
£5,001 – £7,500 £2,500.00
£7,501 – £10,000 £3,000.00
NB. All fees are plus VAT and disbursements