Services for Insolvency Practitioners

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FREE Debtor Collateral Review

Following an initial conversation, we always suggest that the first step is to get us out to site to carry out a comprehensive Debtor Collateral Review. We do this initial review at NO CHARGE to you, regardless of the outcome. It includes:

On-site visit, usually within 24 hours but guaranteed within 48 hours, to thoroughly review the following:

  • Order to Cash Process

  • Aging Profile of the ledger and movements over recent months

  • Details of any issues and queries

  • Invoices and Backing paperwork

  • Staff – current and historical, and procedures followed

  • Reconciliations being produced

  • Verification of Outstanding Balances if required

While on-site we will meticulously analyse all aspects of the debt against which your Funds are secured. We call on our extensive expertise in all industries to find issues and investigate them, before reporting to you with our findings and offer solutions on day one.

We have no set agenda other than to investigate and confirm the actual status and Real Value of the Ledger, and to propose sensible solutions that we can then follow up in a variety of ways as shown below.

As mentioned before, there is no charge for this initial review, regardless of the outcome.

To get your free Debtor Collateral Review, just call our MD Glen Morgan on 0845-6385256, or 07780-865416. Alternatively, fill in the form below:

Pre-Appointment Credit Control

This is required where an Insolvency is imminent but not happening immediately and you need the Ledger maximised from day one.

It is carried out as a prelude to an expected Collect Out and aims to recover as much as possible before your Appointment.

Credebt will take over the Collections, either confidentially or disclosed, and transform the Aging Profile very quickly, using our extensive expertise to reduce Overdue Debt, resolve Queries and get the Ledger as up to date as possible in a short space of time.

In every case to date where we have been involved to this level before a Collect Out we have greatly increased the overall collectability of the Ledger and improved the position for Creditors.

Collect out with or without Bad Debt Protection

There are four stages to a successful Collect Out, as listed below. These can all happen very quickly as you will see from the description of each.

1. Prepare for Collect Out

Our first step, as always, is an on-site visit, usually within 24 hours but guaranteed within 48 hours, to secure the following:

  • Copy invoices

  • System access

  • Details of any issues and queries

  • Backing paperwork

  • Aged Debt reports

  • Customer Master File

While on-site, we tidy up the Ledger and produce a Report which immediately indicates the true collectability of the Ledger. This will help when producing the Statement of Affairs.

This can only be accurately assessed once the Order to Cash process has been fully understood, which is why it takes experts to do this.

We also review Aged Creditors, Contras and other issues that may impact collectability, and leave no stone unturned in reaching a realistic figure for Collections.

At this point, we will also decide if any staff still on-site can be of use with the Collections process, as our main aim is to maximise the Return for Creditors as quickly and effectively as possible, so we will do whatever is required to achieve this.

2. Prior to Collect Out

We will agree a No Win No Fee with you and discuss whether you would prefer to have Bad Debt Protection in place, which will aid in maximising Collections. Please see further details of this under Collections with Bad Debt Protection (our USP).

Our fee structure is incredibly flexible and can be:

  • One No Win No Fee percentage agreed on all Collections

  • A Tiered Fee based on milestones agreed with you

This variety of options indicates our confidence in a successful outcome for you.

3. Start Collect Out

During this process, which we aim to complete within 90 days where possible, we will be utilising our full expertise in maximising Recoveries.

We report to you as often as you like, but as an absolute minimum, you will receive a detailed progress report for the previous month’s collections from us on the 5th of every month (or the next working day). This ensures you are always fully aware of the Position.

We also notify you immediately if we uncover something which will have a detrimental impact on Collections. We don’t shy away from delivering Bad News, as we appreciate that you need to know as soon as possible.

Please note there will be no Bad News at this stage if we were already engaged before the Collect Out is required.

4. Collect Out concluded

Be assured that we don’t close a case until the remaining Recoverable Amount is zero.

We don’t give up when the majority of the Ledger has been realised. We feel obligated to work it down to zero, however hard those last few debts may be!

Once we have concluded Collections, we will issue our Final Report and Invoice, and call you to ensure that you are happy with the outcome, before getting your agreement to close the case.

Advice on the timing of Appointment and other guidance

We assist Insolvency Practitioners with a variety of services, including:

  • Inputting an accurate Statement of Affairs Figure for Recoverable Debtors
  • Suggesting timing of the Insolvency Process due to when large payments may be expected (particularly useful when dealing with Construction cases)
  • Discussing stakeholders’ and chargeholders’ likely positions based on the Ledger values recoverable
  • Valuing Debtors, Unbilled and Work in Progress for Sales, either in a pre-Pack or other Sales Process
  • Providing Outcome Statements with a variety of scenarios so the IP can make informed decisions

Re-assigned Ledger Collections

So, an Invoice Finance Company has recovered their Capital and possibly their fees and re-assigned a Ledger to you that is now several months old. Now what?

Make no mistake; these are hard work if you don’t know what you are doing.

The best option will always be to retain whoever was collecting the Ledger for the Funder, but if for whatever reason that isn’t possible, then we can take it straight from the Funder and make an instant impact.

Credebt have dealt with many Ledgers in this scenario and we pride ourselves on finalising things quickly and effectively, even when there is a lack of books and records due to the length of time that has elapsed.

Other Services

We aim to help Insolvency Practitioners in any possible scenario, so if there is a situation which cannot be solved with one of our main services, then please feel free to contact us to discuss.

We are here to help, whatever the situation and requirements!

How can we help?


Credebt provide a full range of expert Receivables Management Solutions to the Insolvency Profession, the Invoice Finance Industry, 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 (FCICM) Grad at

Credebt provide an excellent service and consistently update their clients on progress. They are prepared to be flexible on fee negotiations and have quickly instilled me with confidence in their ability to get the job done. Glen is tenacious, approachable and robust and has all the right attributes for a successful collection agent.

Graham Randall - Quantuma LLP

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.

our offices

Bristol Office

Credebt Ltd

Trym Lodge
1 Henbury Road

Manchester Office

Credebt Ltd

2nd floor
3 Hardman Square
M3 3EB

London Office

Credebt Ltd

Hamilton House
Mabledon Place


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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