In return for recovering your debt, we will charge you a discounted collection fee expressed as a percentage of the amount we recover; this will be deducted from the balance before we send it to you. The rate of commission is determined by two criteria:

• The number of days the debt is overdue
• The location of the debtor

We work on a "no win no fee" basis except where you recall a debt during the collection process without our prior recommendation, in which case commission will be charged in accordance with our published tariff.

TARIFF                                  APRIL 2008
 
Membership
The annual membership fee is £400, which will be invoiced in 4 quarterly payments of £100 in advance.

Commission Rates For Debt Collection

Debtors Resident In The UK
<sub>Number of days debt overdue at date of placement with us*                     Commission rate
0-120                                                                                                                      6%
121-240                                                                                                                  9.5%
241-360                                                                                                                  17.5%
361 or more                                                                                                           25%
* Where you ask us to collect multiple debts for the same debtor the commission is determined by the due date of  the oldest invoice.</sub>

Low Value Debts
We offer a flat-fee service for UK and overseas debts below £500 in value at a cost of £22.50 for a UK debt and £50 for a non-U.K. debt. This fee is payable irrespective of whether a successful collection is made, and will be invoiced on registration of the debt with us for collection.

Legal Services For UK based Debts
Where legal action is undertaken (which will always be agreed in advance with you) all legal fees and costs are payable by you in advance. Some or all of these fees and costs may be recoverable from the debtor. Our commission rates detailed in the chart opposite will apply on all successful collections resulting from such legal action.

Full details of these services and charges are available upon request.

UK Debtor Tracing
£50 per debt. This is a flat fee irrespective of whether the trace is successful.

Commission Rates For Debt Collection For Debtors Outside The UK
<sub>Number of days debt overdue at date of placement with us*          Region A          Region B          Region C
0-90                                                                                                             9%                     12%                   30%
91-180                                                                                                         14%                   17%                   30%
181-360                                                                                                       19%                   22%                   30%
361 or more                                                                                                27%                  30%                    30%
* Where you ask us to collect multiple debts for the same debtor the commission is determined by the due date of  the oldest invoice.</sub>

Countries Included In Each Region
Region A    Austria, Belgium, Denmark, Finland, Germany, Iceland, Netherlands, Norway, Sweden
Region B    Czech Republic, Estonia, France, Hungary, Italy, Ireland, Latvia, Lithuania, Poland, Portugal, Spain, Slovakia, Switzerland
Region C    All other countries

File Opening Fees
A one-off file opening fee of £35 will be charged for Region C markets only, which will be invoiced on the date of registration of the debt with us for collection and is non-refundable.

Non-UK Debtor Tracing
£125 per debt. This is a flat fee irrespective of whether the trace is successful.

<sub>Important notes:
* All prices quoted exclude VAT and may change without notice
* All business is conducted in accordance with our standard terms and conditions
* Where goods are returned in lieu of payment, the chargeable commission rate is reduced by 50%.</sub>