Post-Insolvency on and off-site collections

Our pre-insolvency service is fully supported with our subsequent post-insolvency collect out capability. This can be delivered as a continuation of our pre-insolvency work or as a stand alone instruction from the date of appointment. In addition to the work we would normally deliver in our pre-insolvency service, we will work with our Recovery and Restructuring instructing Client as part of their ‘on site’ team, with a sole focus on sales ledger recovery. We understand the challenges of on going insolvent trading and the importance of speed of information of sales ledger data and issues identified during the collections process.

Our work includes:

• ‘Day one’ assessment of sales ledger recovery
• Security of the paper trail, credit control finance systems and knowledge bank
• On-site management of sales ledger recovery and reporting
• Stakeholder management (including guarantors)
• Off-site collections and reporting after the site work has been completed

Benefits to the Client:

• Early and accurate assessment of the estimated realisable value of the book debt
• No general provisions after 6 weeks with a 3 month collection timescale
• Reduction of guarantor issues through pro-active communication with stakeholders
• Specialist focus enables the release of key Client staff to deal with other aspects
  of the insolvency
• Consistent resource utilised to ensure a dedicated focus is applied during the collect-out
• Queries will be resolved, where possible, without compromise of the debt or merely
  referring back to the instructing Client