Complex Matter

We acted for a company looking to recover £52,000 from a debtor who had long refused to pay. The claim was made pursuant to a complex commercial agreement but which incorporated a dispute resolution clause. As the claim was disputed, the client had to follow this process which dictated both the procedure and timescale. The client was nevertheless successful and our costs of £8,000 plus vat and expenses were recovered in 2 years. Our costs were substantially cheaper than would have been the case had the matter had to be conducted through the courts and the client probably saved a year in time by using the contractual dispute resolution mechanism

Typical Matter

We acted for a company which had been trying unsuccessfully to recover a debt for 8 months As the debt could not legitimately be disputed we used the winding up process and were able to obtain payment in full within 8 months from being instructed. The costs of £3,000.00 plus VAT and disbursements were ultimately recovered from the debtor.

The winding up procedure is not appropriate in every case.

Simple Matter

We acted for a company to recover just over £1,000 (including interest, the fixed sum, and reasonable costs of recovery, all of which are recoverable from a corporate debtor), and we were able to obtain payment in full within two months from being instructed.

The costs of £196.50 plus VAT and the court fee of £80.00 both formed part of the county court action we ultimately brought against the debtor, and were paid for in full by the debtor once the court had sent them a copy of the County Court Judgment.

 

 

Latest News

18 Jul

Former work placement student joins Thursfields’ Family team in Worcester
Read more

Share

153 Views

0 Comments

16 Jul

What About the Children?
Read more

Share

75 Views

0 Comments

Upcoming Events

01 Aug

Thursfields Golf Networking Lessons
Read more

Share

556 Views

0 Comments

15 Sep

Walk, Rest and Rail for New College Worcester
Read more

Share

53 Views

0 Comments