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At Credebt we always believe that one should hope for the best and prepare for the worst. As the UK is slowly coming out of the crisis phase of the pandemic, and business is getting ready to open up again, we foresee an avalanche of insolvencies coming in the...
A guest blog from the Real Business Rescue about the number of businesses in distress in Q4 2020.
As the coronavirus pandemic reduces your order book, increases debtors and blurs the future viability of your business, it is instrumental to act early to prevent your business from becoming insolvent. Mitigating financial risk during the pandemic can help withstand...
The Corporate Insolvency and Governance Act (CIGA) 2020 has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. We are going to look at the expected impact of...
This month, our MD Glen Morgan was interviewed on the Leaders Council's Podcast where he shared his view on how the COVID pandemic has affected the Invoice Finance Industry and the wider business community. You can listen to the Podcast on YouTube or on...
As the Coronavirus pandemic has taken hold of the UK, it has caused significant challenges to businesses, including: 1. A big drop in sales 2. Weakening cashflow. 3. Reduced order book. 4. Concern for the future viability of the business. It is important to understand...
We find ourselves in extreme times. At Credebt we remain committed to serving the needs of our Invoice Finance and Insolvency Practitioner partners. When those tough decisions have been taken, and thoughts turn to the practicalities of Sales Ledger realisation in a...
In these unprecedented times, we thought it was important to highlight some of the key issues that IF Providers and their clients are likely to experience over the coming months. We expect the following to be issues that need to be controlled:1: Non or delayed...
At the end of last year, our MD Glen Morgan was asked to contribute an article to the Parliamentary Review, which aims to raise the standards by showcasing best practice to the UK’s leading policymakers and executives. Glen: "They wanted my expert opinion on the...
Welcome Terry! We are delighted to announce that as of this month, Terry Pugh has joined the team at Credebt as Director for London and the South East. Terry is an ACCA qualified accountant with over 10 years of experience working in a large London restructuring...
A Managed Exit is any exit that is controlled, monitored and facilitated in a way that causes the minimum of disruption but also ensures you get repaid in full. As an Invoice Finance provider, you will always have Clients who, for whatever reason, no longer fit the...
As an Invoice Finance Funder you are highly susceptible to fraud and it is essential that you know how to spot fraud. Thankfully, overt fraud is rare but it can take many forms and can be difficult to detect if you don't know what to look for. Moreover, you need to...
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I have instructed Glen and his team on several matters and he has always achieved the desired results.
He has moved quickly to maximise the realisations in difficult circumstances, and I would therefore recommend his and Credebt’s services highly.
I have instructed Credebt on several matters with our clients and have always been happy with the results. Their support and solutions for clients, who have a variety of issues and challenges, have always been of great benefit to them and to us.
I would recommend Credebt’s services to any Funder regarding Collect Outs and in Life Support for trading businesses..
I’ve worked with Glen and the team at Credebt on a number of assignments and they have consistently impressed, moving quickly and efficiently to preserve and maximise value for creditors.
I wouldn’t hesitate to instruct them again and would be happy to recommend their services.
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