So one of your clients is in Turnaround, Distress or Special Situations? Whatever you choose to call it, they need help fast and even then it may be too late.

Credebt are regularly parachuted in at short notice to assess the situation and provide sensible solutions.

We act fast and get on site to find out the best solution.

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 review the following:

• Copy invoices
• Order to Cash process
• Details of any issues and queries
• Backing paperwork
• Aged Debt reports
• Customer Master File

Whilst on-site, we tidy up the Ledger and immediately produce a report which indicates the true collectability of the Ledger and whether you are likely to recover maximise cashflow and working capital in case a Collect Out is needed.

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.

THERE IS NO CHARGE FOR THIS INITIAL VISIT, REGARDLESS OF OUTCOME

After the Debtor Collateral Review we will be able to advise the correct course of action for you and your client.

This can be any or a combination of the following (please click links for full details of the service provided):

• Monitoring Collections
• Improve Credit and Collections Policy and Procedures, including Staff Review
• Assist with Collections
• Take over Collections – Intensive Care
• Pre-appointment Credit Control
• Maximising Cashflow and Working Capital 

No two circumstances are the same, so we have to be agile in our approach and ensure we do what is best for you, our client, to manage the risk with the Debtor Book, and prepare for all possible outcomes, including potential Insolvency and therefore a Collect Out.

Depending on the course of action we will review the results of each and move on to the next stage if and when required. We will advise on all the options available and the potential outcomes for each, and make our suggestions as to what is required and how quickly.