For as long as I can remember the Small Claims limit or ceiling has been £5,000.00 – it is about to change.
From the 1st April 2013 the upper limit for claims in the small claims track will increase to £10,000.00. The general rule for small claims is that even if you are successful if your claim it is not possible to get an order for the other party to pay your legal costs when you’ve gone to the expense of instructing a firm of Solicitors.
You should make sure that you have a clause in your terms and conditions of business that covers costs incurred in pursuing payment i.e. in the event that it is necessary to incur an agents fee in pursuance of payment then you will be entitled to add that amount to the claim.
For more information don’t hesitate to contact someone at Acquit who will be happy to go into more detail.