Company in
administration
Oversaw
the management of debtors on a large group of companies in Administration (Two
ledgers with 4000 accounts and a value of £16m including substantial
‘self-billing’ by the largest customer). Satisfied the reporting
requirements of the management and the asset finance company. Put
procedures in place to ensure maximum collections and exceeded the
“estimated to realise” value on both pre and post appointment debts. Lender
and other secured creditors paid in full and a substantial dividend paid to
non-preferential creditors.
We
have extensive experience of ledger valuations and collections for
Insolvency Practitioners.
