PRMS Ltd

SME & Professional Services Specialists

We are a socially responsible, Ethical Debt Recovery™ and Business Debt Prevention™ company based in the City of London. We specialise in business-to-business training solutions, collections & recovery for Professional Services companies as well as SME Businesses with a turnover of up to £50 million, based anywhere in the UK.

Fees

Debt Recovery Fee – 15% of Amount Recovered from Debtor

Judgment Only Fee – 12.5% of Amount Recovered from Debtor

Hourly Rate –Debt Recovery Advice - £195.00

Letter before Action incl. Statutory Demand - £95.00

Drafting of County Court Proceedings - £95.00

Hourly Rate –Defended & Contentious Cases - £195.00

Credit Control Services – 10% of Submitted Invoices

Travel & Subsistence will be charged & invoiced to the client and payable upon production of a valid receipt

Invoicing – Invoices are raised on the 28th day of each month and are payable upon receipt

Instalment Plans – Fees for Instalment Plans are payable in advance as a FULL Recovery i.e. 15% of the amount agreed to be repaid. *

Attachment of Earnings - Fees for Attachment of Earnings are payable in advance as a FULL Recovery i.e. 15% of the amount ordered by the Court to be repaid. *

Charging Orders – Judgments that are converted into Charging Orders will incur a FULL Recovery fee of 15% of the amount ordered by the Court to be repaid. *

High Court Sheriffs/HCEO – All Fees for High Court Enforcement Action are to be paid in advance.

PRMS MONEY BACK GUARANTEE ™* 

* If the debtor stops paying during the course of an Instalment Payment Plan/Attachment of Earnings arrangement, PRMS will re-commence recovery action until payment resumes. If the instalment plan fails then PRMS will return the outstanding portion of any unrecovered fees that have been paid in advance.