Case Studies


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Sales Ledger Verification
Small Independent Food Producer

Instruction:
Invoice Finance provider required full debtor verification and advice on integrity and collectability of sales ledger. 

Action:
We reported a poorly run business with issues over allocation of cash and banking of client funds into company bank account. The sales ledger did not underpin the level of funds invested by our client and further funds should not have been extended without significant control over use and benefit. 

Strategy:
We worked with the directors to put together a strategy that allowed them to repair the position for the funder and bring about control of the sales ledger. Trading was supported over a period of 8 weeks which included surplus stock disposal, re-costing of product, proper allocation of cash, review of systems and implementation of collection process.

Outcome:
Invoice Finance Provider fully repaid.

 

Distressed Collect Out – Export Debt/Multi Currency
International Supplier of Fabrics
 

Instruction:
Invoice Finance provider required full collect out anticipating no support from directors of the company and no business continuity. 

Action:
We were able to gain an excellent rapport with the directors and provide them with a level of comfort that our involvement protected their interests as well as the funder. 

Strategy:
The directors were enthused by our involvement and respectful approach and recognised that our activity would not undermine the prospect of continued trading.

Outcome:

Directors acquired the goodwill of the business and supported our removal of all supporting documentation and management of collection process which led to a recovery of the funder investment and fees.

 

Distressed Collect Out
Nationwide Storage & Logistics

Instruction:
Invoice Finance provider required full collect out with little director support and complete absence of accounts function. 

Action:
We put in place a credit control function at the premises and took control of the warehouse facility which housed stock belonging to our customers. 

Strategy:
Customers were put on notice of our involvement and all unallocated cash was applied and statements provided. We leveraged the control over the stock in the warehouse to garner agreement to the debt balance and payment prior to or in conjunction with release. We put in place our own warehouse management team to ensure that there was no stock slippage during our involvement and remain in place until all clients received back their stock.

Outcome:
Collect out with fees and return of stock to customers.

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