Bridge McFarlandLLP

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Bridge McFarland LLP can offer you practical, uncomplicated advice, support & guidance when you need it most. Whether it be an employment dispute, family advice, an accident or negligence, life planning or moving house, let us help you.
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Our commercial team in Lincoln, Hull, Market Rasen and Grimsby prides itself on its sound business sense, commercial insight, local knowledge and first class understanding of the relevant legal disciplines ranging from employment law, business contracts, dispute resolution to agriculture and property development. From company formation to sale, succession, dissolution or dispute resolution, you can trust our team to deliver first class service and results.
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Rob Ripley
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Lisa Moore
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Leanne Keating
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Funding for Debt Recovery

We provide simple, fast and effective recovery of business debts. We understand the importance of cash flow in business. Our Debt Recovery team work on ‘No Recovery, No Fee’ basis so you pay by results.

Home » Business Law » Debt Recovery » Funding For Debt Recovery
“Thank you so much for all your help. We have bought and sold a number of properties down the years, but this is the best legal service we have received. We will be recommending you.”
Feedback about Bethany Langley and team, Grimsby, from Mr & Mrs Price.
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Most law firms charge for Debt Recovery work on a fixed fee basis. At Bridge McFarland LLP much of our Debt Recovery work is funded by a Damages Based Agreement (DBA); a type of “no win, no fee” agreement where you only pay to us a percentage of any payment we recover.

The percentage you pay to us depends on the age and value of the debt and whether it is recovered pre-action, after issuing court proceedings or at the enforcement stage as set out below.

Our Fees

  Pre-Action After-Issue Enforcement
Age / Value of Debt < 180 days > 180 days < 180 days > 180 days All debts
£1,000 - £9,999* 10% 12.5% 12.5% 15% 20%
£10,000 - £49,000** 7.5% 10% 10% 12.5% 15%

* Minimum fees apply of £250 for Pre-action, £350 for Court Proceedings and £500 for Enforcement.
**We will agree terms for debts over £50,000 or bulk accounts

Points to note:

  • These costs include VAT. 
  • These fees apply where your claim is in relation to an unpaid debt which is not disputed. 
  • We will not issue court proceedings or take enforcement action without your prior agreement. 
  • You pay any agreed expenses (such as court fees or enforcement agent’s fees) whether or not the debt is recovered. We will ask for payment of such expenses on account. 
  • Court fees are added to the claim and are recoverable from the debtor (subject to her ability to pay). Court fees are based on the amount claimed including interest and for claims of more than £10,000 the court fee to issue a claim is 5% of the claim value. A full list of court fees can be found here https://www.gov.uk/court-fees-what-they-are. 
  • Where possible we will add late payment interest and compensation to the debt and claim any fixed costs if court proceedings are issued. 
  • Interest and compensation may take the debt into a higher banding, with a higher cost.

Our fee includes:

  • Taking your instructions and reviewing documentation. 
  • Undertaking appropriate searches. 
  • Sending a letter before action and any further letters/emails and/or telephone calls
  • Receiving payment and sending onto you, or if the debt is not paid, drafting, issuing and serving a claim. 
  • Where no Acknowledgment of Service or Defence is received, applying to the court to enter Judgement in default for a County Court Judgement (or CCJ). 
  • When a Judgement in default is obtained in writing to the debtor to request payment. 
  • If payment is not received providing you with advice on the options for enforcement action. 
  • Taking agreed steps to enforce a Judgment against the debtor.

Our fee does not include:

  • Court fees and any other expenses.
  • Insolvency proceedings such as issuing a winding-up petition or bankruptcy petition.

If the debtor disputes your claim at any point, it will be handed over to our team of specialist Dispute Resolution lawyers who will provide pragmatic commercial advice and may offer a range of innovative and flexible funding options including fixed fees, conditional (No Win, No Fee and discounted fee agreements), damage based agreements as well as after-the-event legal expenses insurance and disbursement funding

Our Debt Recovery team is supervised by Rob Ripley, a Partner in the firm’s Dispute Resolution department. Work on your case may be undertaken by another member of the Debt Recovery team. Further information about our solicitors and their experience can be found on their individual profiles.

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