Insolvency
The worst situation for any creditor is when their debtor goes ‘bust’. Unless, as the supplier, you have valid credit insurance or factoring, the loss of income, and margin, will have a profound impact on your cash flow.
We have connections to insolvency practitioners PKF, where we collect ‘distressed debts’ on behalf of creditors that have themselves gone ‘bust’. Debtors will often use its creditor’s demise to raise spurious reasons for non-payment, and we are well versed in overcoming these, and achieving prompt settlement.
So, if the roles are reversed, and you find your company hit by a buyer that’s gone ‘bust’, we can utilise our contacts to represent you at creditors meetings, and seek to minimise your losses.
