Case Study 1
Food Processng Business
Delayed sales ledger re-assignment
The business was funded via a confidential CID facility with a main UK clearing bank. As the facility was disclosed we recommended and then delayed the reassignment of the ledger to the administrators so we could challenge some of the debtor contra claims, which we did so successfully for the benefit of creditors.
Debt recovery
“Uncollectable” contractual debt
Funded ledger where the funder had recovered their position
Ledger was to be reassigned to the administrator, prior to our involvement
2-18 month aged debt profile
Contra accounts in place
Outcome
3 additional successful debtor receipts, that would have otherwise been lost
Unexpected enhanced realisations
95% ledger recovery rate
