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Midas Corporate Debt Recovery

Named after the legendary king of Asia Minor who was famed for turning bas metals into gold, this service is designed to convert your bad debts into cash at minimal cost to you.

Advantages to you


  • You choose the method of paying us which best suits you. This includes a 'No Cot To You' and Fixed Fee agreement.
  • You will know precisely how much it will cost in advance.
  • You can rely on our expertise and capacity to process your claims quickly and efficiently.

Why Pengillys


  • Local knowledge
  • Extensive expertise
  • Proven track record
  • Team dedicated to debt recovery


What we will do


  • Draft and send a Letter of Claim compliant with the Civil Procedure Rules.
  • Draft, issue and arrange for the service of a Claim Form (Summons).
  • Apply for default Judgement, where appropriate, and advise you with regard to enforcement.
  • In the event that your claim is defended, we will agree to represent you for a fixed-cost.

Fixed Costs*


  • up to £500.00 will cost you £100.00
  • between £500 and £1,000.00 will cost you £200.00
  • between £1,000.00 and £2,500.00 will cost you £250.00
  • between £2,500.00 and £5,000.00 will cost you £300.00
  • over £5,000.00 will cost you £350.00
*Fee's subject to annual review

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