Rafferty Transparent, no-win-no-fee pricing.
You only pay when we recover. No setup fees, no subscriptions, no surprises.
How it works.
Our commission is charged on successful recovery only, tiered by the size of the debt.
| Debt size | Commission |
|---|---|
| £2,500 to £10,000 | 15% |
| £10,001 to £50,000 | 12.5% |
| £50,001 to £250,000 | 10% |
| £250,000 and above | Negotiated, from 8% |
What the debtor also pays.
Under the Late Payment of Commercial Debts (Interest) Act 1998, we also pursue statutory recovery costs, compensation, and interest directly from the debtor in addition to the principal. These statutory sums typically add 15 per cent or more on top of your invoice and strengthen the demand sequence by raising the cost of late payment to the debtor.
What’s included.
- Persistent, professional pursuit of the debtor until the matter is resolved.
- Multi‑contact escalation: we identify and approach finance, directors, and other decision‑makers within the debtor’s organisation, not just the original contact.
- Formal written demands citing the Late Payment Act.
- Statutory interest and compensation calculated and added to the debt.
- Pre‑legal negotiation and payment plan setup.
- Dedicated case management with regular updates.
- Referral to solicitor partners if litigation becomes necessary.
If we don’t recover.
You pay nothing. £0. No setup costs, no admin charges, no exceptions.
Debtor based overseas? See our international recovery service; cross‑border matters are priced per case, a little above this schedule.
What the Act allows.
Statutory compensation
A fixed sum that attaches automatically to every qualifying late commercial payment. £40 on debts up to £999.99, £70 on debts up to £9,999.99, and £100 on debts of £10,000 and above. Payable by the debtor in addition to the principal.
Late Payment of Commercial Debts Regulations 2002, Regulation 5.
Statutory interest
The prescribed rate is eight per cent above the Bank of England base rate, fixed for six‑month reference periods. Interest runs from the date payment was contractually due and continues to accrue until the debt is paid.
Late Payment of Commercial Debts (Interest) Act 1998, Section 4.
Recovery costs
Reasonable costs of recovering the debt, to the extent they exceed the statutory compensation. The creditor is entitled to recover them from the debtor under the Regulations. Our fee is assessed per case and taken from this portion of the sum demanded.
Late Payment of Commercial Debts Regulations 2002, Regulation 5A.
Transparent at every size.
Tell us the invoice amount and the date it was due. We will assess without charge.
Submit a case