Case Study 14

Position for the Funder fully recovered despite 4,000 debtors, 22,000 invoices and £40m owed to the Bank

Credebt Case Study 14


We achieved a successful outcome for a Midlands based Manufacturing business that was about to enter into Administration and fully recovered the position for the Bank, despite 4,000 debtors, 22,000 invoices and £40m owed to the Bank. 


We were instructed by the main Bank and its Invoice Finance division to review the situation and suggest a strategy for the recovery of the £48m ledger with £35m funds in use from the IF division and £5m in CBILS.

The business was about to enter into Administration and the potential purchaser got cold feet, so all scenarios needed to be planned for, including with no continuity of supply.

Rebates, POD, Warranty and many other issues that would dilute the debt under various scenarios needed to be investigated.


Credebt visited the business over 2 full days and provided Estimated Outcome Statements for all the various scenarios.

We met with the on-site staff and identified key people who could assist with the collections process.

We obtained full access to all the systems required, including multiple POD providers, and Accounting systems, and we ensured that all the books and records required for a potential Collect Out were secured.

Following the Administration, we returned to the site and agreed a strategy, which involved retaining 3 key staff to assist with larger debtors.


The joint collections approach between the retained staff and ourselves resulted in a fully recovered position within 4 months of Administration, and the IF position recovered after just 3 months.

Credebt paid the retained staff directly and agreed a blended collections rate that took into account our involvement versus that of the on-site staff, who were responsible for a large part of the collections in the initial phase.

We dealt with two of the three staff leaving before our engagement ended as they had found other roles, and still managed a successful outcome, which actually resulted in an additional £4m recovered for unsecured creditors.

Position fully recovered

total recovered

How can we help?


Credebt provide a full range of expert Receivables Management Solutions to the Insolvency Profession, the Invoice Finance Industry, Turnaround Practitioners, advisers and their clients, from full sales ledger recovery to outsourced credit control.

For more information about how we can help call 08456-6385256
or email our MD, Glen Morgan at

I have instructed Credebt on several occasions and have always been happy with the results. Credebt are out on site quickly and provide feedback as soon as they are on site. Very useful for both in-life cases and new business opportunities.

I would have no hesitation in recommending the Credebt Team for Risk Management and Receivables Management work.”

Tom O'Dell - Aldermore Bank

Get In Touch

We work for Invoice Finance companies, Insolvency Practitioners and Turnaround Specialists throughout the country. If you would like us to contact you to discuss our services please send us your details.

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Credebt Certifications

Credebt Limited: Registered in England Number: 6933734 Registered Office: Trym Lodge, 1 Henbury Road, Westbury on Trym, Bristol BS9 3HQ
Data Protection License Number: Z1837677 | Credit Services Association Membership number: 804

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