Fee Changes Affecting Debt Recovery and Company Formations

Here at Debt-Claims Solicitors, we stay up-to-date on any legal and administrative changes that may impact our clients. Today, we want to bring your attention to two upcoming fee increases that will come into effect on 1st May2024.

1. Court and Tribunal Fees:

Her Majesty’s Courts and Tribunals Service (HMCTS) recently announced a 10% increase to various court and tribunal fees. This includes an increase to the Writ of Control fee, a key tool used in debt recovery cases.

What’s changing? The Writ of Control fee will increase from £71.00 to £78.00.

What does this mean for you? If you’re pursuing debt recovery through the courts, be aware of this increased fee. It’s important to factor this cost into your overall debt recovery strategy.

2. Companies House Disbursement Fees:

Companies House, the UK’s registrar of companies, is also increasing its disbursement fees from 1st May 2024. These fees cover the administrative costs associated with various company actions.

What’s changing? Disbursement fees for several key transactions are increasing, including company incorporation, confirmation statements, and changes of name.

What does this mean for you? If you’re planning to incorporate a new company, file a confirmation statement, or make changes to your company name, be aware of these new fees. We’ve included a table below with a breakdown of the new fees for some common transactions.

**TransactionNew Fee**
Incorporation (Digital)£50
Incorporation (Paper)£71
Confirmation Statement (Digital)£34
Confirmation Statement (Paper)£62
Change of Name (Digital)£20
Change of Name (Paper)£30
Voluntary Strike Off (Digital)£33
Voluntary Strike Off (Paper)£44
Registration Of A Charge (Digital)£15
Registration Of A Charge (Paper)£24

For a full list of the new fees, please click here.

Important Note:

In addition to the Companies House fee increases, be aware that various court fees are also increasing by 10% from May 1st, 2024 across different areas of law. It’s worth checking the government website for a full list of changes.

At Debt-Claims Solicitors, we understand that navigating legal and financial matters can be complex. We stay informed about fee changes and other developments that may impact our clients. We can help you factor these fees into your debt recovery strategy or company formation process.

To find out more about how Debt-Claims Solicitors can assist your business, contact us today or call us on 02475 461 042.

Contact via
WordPress Video Lightbox