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Success Stories

Impressive results in challenging circumstances

Impressive results in challenging circumstances

We successfully collected 91% of an £835,000 sales ledger on behalf of a major high street bank when an industrial fasteners supplier entered administration.

The company, which supplied the railway, construction and manufacturing industries, ceased trading after the deterioration of the steel industry reduced customer levels and led to cash flow difficulties.

Impressive results in challenging circumstances

Challenges faced

Ian Tramaseur, Director at Hilton-Baird Collection Services, said:

“Given the high volume, low value nature of the transactions on the sales ledger and the challenges experienced with extracting the data electronically, we were delighted with the outcome and the speed in which it was achieved.

“After spending two days on site at the outset, meeting representatives from the company in administration and the administrator, it was possible to gain a good picture of the case and produce a detailed draft outturn for the lender.

“Our team’s determination and expertise allowed us to recover far more than initially anticipated, recovering the lender’s position and maximising the value for the company’s creditors.”

We can provide a range of expert debt collection services to lenders, advisers and their clients, from full sales ledger recovery to outsourced credit control. For more information about how we can help, call 023 8070 7392 or request a call back.

Just some of our clients

  • Smith & Williamson
  • Leumi ABL
  • SER Contractor
  • Midland Rock
  • BNP Paribas
  • Leonard Curtis
  • Close Brothers Invoice Finance
  • Wupwoo
  • FRP Advisory
  • Kreston Reeves
  • Construction Recruitment Services
  • Quantuma
  • Wote Street People
  • Harrisons Business Recovery
  • Eazipay
  • Mazars
  • Kroll
  • PNC Business Credit
  • Santander Corporate & Commercial
  • Barclays
  • Custom Glass
  • NatWest

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