An accurate picture of your client’s ledger
Given the complications that often surround sales ledgers, it is vital for asset based lenders and Insolvency Practitioners to gain an accurate picture of their client’s ledger at the earliest opportunity to protect their position and ensure recoveries and returns for creditors can be maximised.
Unlike hard assets, for example, sales ledgers often contain hidden dilutions which can significantly and rapidly reduce the collectable value of a ledger and the resulting capacity to recover monies secured against them.
Hilton-Baird’s team are able to conduct thorough collectability and contingency reviews, assessing the people, systems and paperwork underpinning the receivable. We’ll scrutinise the nature of the receivable and the client’s order-to-cash process, identify hidden dilutions and establish the strength of the paper trail and proof of debts needed to collect in an insolvency situation.
The outcome is a detailed report that includes recommendations to protect exposures and mitigate losses, an Estimated Outcome Statement (EOS) based on a number of scenarios in an insolvency situation, and a valuation that’s aided by our debtor verification and debtor insolvency checks.