Vindox charges a percentage of the principal we recover, from 5% to 20% set by the size and age of the debt and fixed in writing before any work begins. If we recover nothing, you owe nothing.
The whole rate card is below. Not a teaser figure.
Some agencies call this no win no fee, no collection no fee or no collection no charge. Vindox calls it no recovery no fee because the recovery is what triggers the charge.
Submit a matter →The rate is set by the principal claimed and how overdue the debt is at the date of engagement. It is fixed then and does not change as the matter ages during the cycle.
| Principal claimed | Under 90 days | 90 days to under 12 months | 12 months and over |
|---|---|---|---|
| £5,000 to £9,999 | 12% | 15% | 20% |
| £10,000 to £24,999 | 8% | 10% | 15% |
| £25,000 and above | 5% | 7.5% | 12% |
Matters of £100,000 and above are individually quoted, as are multi-invoice or portfolio instructions. Overdue age is measured from the day after the applicable due date to the date of engagement. Where no payment term was agreed, Vindox confirms the applicable statutory date basis before fixing the age band.
A £38,400 invoice, 74 days overdue, sits in the £25,000 and above band at under 90 days. Commission at 5% is £1,920. The rate is fixed at engagement. If we recover nothing, you owe nothing.
We pursue statutory interest and fixed compensation under the Late Payment of Commercial Debts (Interest) Act 1998 where the matter qualifies. Any such sums recovered are yours and are not part of our commission.
No recovery guarantee. The promise is forensic recovery effort on contingency, not a guaranteed outcome.
No recovery, no fee. Vindox charges a percentage of principal recovered. Statutory interest, fixed compensation and recovery-cost sums recovered from the debtor are not part of the ordinary commission base.
Vindox is not VAT registered at launch. VAT is not charged on Vindox commission while that remains the case. If Vindox becomes VAT registered, VAT treatment will be updated and disclosed before any affected matter is accepted.
The rate card above is for single-matter recovery on no recovery, no fee. Managed Recovery, our monthly retainer for a business carrying more than one serious overdue commercial invoice at once, is quoted to your situation rather than listed. See Managed Recovery or contact us for a tailored quote.
Yes. Some agencies call it no win no fee, no collection no fee or no collection no charge. Vindox states it as no recovery no fee. If we recover nothing on a matter, you owe nothing on it.
Only on the principal we actually recover, at the percentage fixed in writing before any work begins. The rate does not change as the matter ages.
No. There are no registration, membership or upfront fees. Commission on recovered principal is the only charge for single-matter recovery.
Submit the invoice for a viability check. If it belongs with Vindox, we confirm the approach and the rate on a short call. If not, we tell you why.
Submit a matter →No debtor contact is made from a submission.