Credebt’s Services for the Credebt’s Services for the Insolvency, Turnaround and Insolvency, Turnaround and

Invoice FinanceInvoice Finance Markets Markets

And how we can Help Your And how we can Help Your Business!Business!

Our Mission and ValuesOur Mission and ValuesMission StatementMission StatementTo be the leading Provider of Collection Services to the Insolvency, Turnaround To be the leading Provider of Collection Services to the Insolvency, Turnaround

and Invoice Financing Markets in England and Wales.and Invoice Financing Markets in England and Wales.

ValuesValuesOnly Charge for success.Only Charge for success.

Deliver results when we say we will.Deliver results when we say we will.

Communicate effectively, regularly and honesty.Communicate effectively, regularly and honesty.

Demonstrate professionalism and Integrity at all times.Demonstrate professionalism and Integrity at all times.

Maintain our high level of service for the 50Maintain our high level of service for the 50thth Instruction as well as the 1 Instruction as well as the 1st.st.

Apply a trustworthy and ethical approach in everything we do.Apply a trustworthy and ethical approach in everything we do.

Provide a market leading comprehensive service to our valued clients.Provide a market leading comprehensive service to our valued clients.

ServicesServicesInsolvency CollectionsInsolvency Collections

Sales Ledger AuditsSales Ledger Audits

Turnaround and Corporate CollectionsTurnaround and Corporate Collections

Advisory ServicesAdvisory Services

Lead Generation ReciprocatorLead Generation Reciprocator

Insolvency CollectionsInsolvency Collections

What we do!What we do!

Debtor Book Realisation for Insolvency Practitioners and Debtor Book Realisation for Insolvency Practitioners and BanksBanks

Factor Collect Outs for Invoice Financing CompaniesFactor Collect Outs for Invoice Financing Companies

We specialise in these areas unlike most Collections We specialise in these areas unlike most Collections businessesbusinesses

Insolvency CollectionsInsolvency CollectionsMain BenefitsMain BenefitsNo Collection No FeeNo Collection No Fee

90 day Collection Cycle ensuring speedy Recovery of most debts.90 day Collection Cycle ensuring speedy Recovery of most debts.

86% Average Collection Rate across all ledgers, some higher.86% Average Collection Rate across all ledgers, some higher.

Tiered Commission Structure to ensure the service is Cost effective.Tiered Commission Structure to ensure the service is Cost effective.

Regular Summary Progress Reports provided Monthly, or more often upon Regular Summary Progress Reports provided Monthly, or more often upon request.request.

Breadth of knowledge across Insolvency Law, OFT Rules, Consumer Credit Breadth of knowledge across Insolvency Law, OFT Rules, Consumer Credit Legislation, Contract Law and Construction Law as well as commercial Legislation, Contract Law and Construction Law as well as commercial awareness to protect your position and reputation.awareness to protect your position and reputation.

Insolvency CollectionsInsolvency CollectionsWhy us?Why us?

We have never had a ledger handed to us without making a recovery.We have never had a ledger handed to us without making a recovery.

Very High Collection Rate.Very High Collection Rate.

Ledgers dealt with at any stage, even pre formal Appointment.Ledgers dealt with at any stage, even pre formal Appointment.

Straightforward Reports specially designed to meet compliance requirements of Straightforward Reports specially designed to meet compliance requirements of Insolvency Practitioners.Insolvency Practitioners.

We already deal with 11 of the top 20 Firms in the South West and several others around We already deal with 11 of the top 20 Firms in the South West and several others around the Country.the Country.

We Reciprocate(More on that Later)We Reciprocate(More on that Later)

We are R3 Associate Members, CSA and ICM Accredited We are R3 Associate Members, CSA and ICM Accredited

Sales Ledger AuditsSales Ledger Audits

What we do!What we do!

Audit Sales ledger to ascertain likelihood of recovery Audit Sales ledger to ascertain likelihood of recovery including how much and when by.including how much and when by.

Collect supporting paperwork and download systems Collect supporting paperwork and download systems information to use in collection process.information to use in collection process.

Discuss specific accounts with Directors to obtain as much Discuss specific accounts with Directors to obtain as much information as possible to aid with collection.information as possible to aid with collection.

Sales Ledger AuditsSales Ledger AuditsMain BenefitsMain Benefits

Early indication of how much of the Sales Ledger can be turned into Early indication of how much of the Sales Ledger can be turned into cash, and how quickly.cash, and how quickly.

Helps with managing Creditor expectations as we can advise whether the Helps with managing Creditor expectations as we can advise whether the amount in the Statement of affairs is realisticamount in the Statement of affairs is realistic

Decision can be made whether to outsource immediately or retain staff in Decision can be made whether to outsource immediately or retain staff in house for short period to maximise collectionshouse for short period to maximise collections

This service is proven to reduce write offs and queries.This service is proven to reduce write offs and queries.

Sale Ledger AuditsSale Ledger AuditsWhy Us?Why Us?

Service is included in our process for collecting the ledger.Service is included in our process for collecting the ledger.

Extensive experience of many industries to enable us to ask to right questions Extensive experience of many industries to enable us to ask to right questions and obtain the right paperwork to aid the recovery.and obtain the right paperwork to aid the recovery.

Industries dealt with include Manufacturing, Construction, Transport, Logistics, Industries dealt with include Manufacturing, Construction, Transport, Logistics, Professional Services, Charities, Engineering, Utilities, Marketing, IT, Professional Services, Charities, Engineering, Utilities, Marketing, IT, FMCG, Food, Packaging, Legal, Publishing and many more.FMCG, Food, Packaging, Legal, Publishing and many more.

Ledgers that we have audited either prior to, or on day of appointment, are far Ledgers that we have audited either prior to, or on day of appointment, are far more likely to result in a higher rate, and speed of recovery than those that more likely to result in a higher rate, and speed of recovery than those that are not.are not.

Turnaround and Corporate Debt Turnaround and Corporate Debt Collection ServicesCollection Services

What we doWhat we do

Credebt offers collections services to any business facing Restructuring, Credebt offers collections services to any business facing Restructuring, Reorganisation, Rescue and Turnaround where an injection of cash is Reorganisation, Rescue and Turnaround where an injection of cash is needed, fast.needed, fast.

Main BenefitsMain Benefits

Improved cash flow for businessImproved cash flow for business

Assistance with old and difficult debt recoveryAssistance with old and difficult debt recovery

High Level Negotiations with CustomersHigh Level Negotiations with Customers

Problem solving and Query ResolutionProblem solving and Query Resolution

Directors can focus on core business whilst we collectDirectors can focus on core business whilst we collect

Turnaround and Corporate Turnaround and Corporate collectionscollections

Why Us?Why Us?

Extensive Experience in many industriesExtensive Experience in many industries

Ongoing support available after collection process completeOngoing support available after collection process complete

We can be engaged for as little, or as long, as required and work to the We can be engaged for as little, or as long, as required and work to the clients timeframesclients timeframes

Advisory ServicesAdvisory Services

What we do!What we do!

Credit policy creation and amendmentCredit policy creation and amendment

Collection Process design and ImplementationCollection Process design and Implementation

Order to cash consultingOrder to cash consulting

Query management reportingQuery management reporting

Invoice discounting and Factoring advice and supportInvoice discounting and Factoring advice and support

Credit application process design including terms of saleCredit application process design including terms of sale

DSO Improvement work.DSO Improvement work.

All of these can help existing businesses or New Company following All of these can help existing businesses or New Company following Administration or Liquidation of old oneAdministration or Liquidation of old one

Advisory Services Advisory Services Main BenefitsMain Benefits

Improve processes of business and prevent re-occurrence of cash flow Improve processes of business and prevent re-occurrence of cash flow issuesissues

Cash flow position will be strongerCash flow position will be stronger

Why Us?Why Us?We have completed projects of this kind for businesses ranging from We have completed projects of this kind for businesses ranging from

£100k turnover family business to £14 billion turnover global £100k turnover family business to £14 billion turnover global organisation with a presence in 86 countries.organisation with a presence in 86 countries.

We work with businesses to formulate their objectives and then find a We work with businesses to formulate their objectives and then find a solution.solution.

We can be hands on when required.We can be hands on when required.

Lead Generation ReciprocatorLead Generation Reciprocator

What we do! Our USP!What we do! Our USP!

Using several reporting mechanisms and platforms as well as farming the Using several reporting mechanisms and platforms as well as farming the ledgers we work on, we spot early warning signs and therefore find ledgers we work on, we spot early warning signs and therefore find opportunities with the following businesses types:opportunities with the following businesses types:

Require fundingRequire funding

Are facing InsolvencyAre facing Insolvency

Require restructuring and reorganisationRequire restructuring and reorganisation

Require turnaround advice and supportRequire turnaround advice and support

These businesses are then referred to one of our valued clients to assist These businesses are then referred to one of our valued clients to assist whenever possiblewhenever possible

Lead Generation ReciprocatorLead Generation Reciprocator

Main BenefitsMain Benefits

Our Clients get more opportunitiesOur Clients get more opportunities

This also helps us with our recoveries as we can differentiate between This also helps us with our recoveries as we can differentiate between can’t payers and won’t payers quickly by offering them supportcan’t payers and won’t payers quickly by offering them support

In a flat insolvency market it is another way of trying to improve business In a flat insolvency market it is another way of trying to improve business levels for our clientslevels for our clients

We only plan to provide this service to a capped number of firms in the We only plan to provide this service to a capped number of firms in the South WestSouth West

Lead Generation ReciprocatorLead Generation Reciprocator

Why Us?Why Us?

We have access to several of the main Company report providers and We have access to several of the main Company report providers and have developed tailored solutions with them all to offer lists of have developed tailored solutions with them all to offer lists of businesses that specifically need help.businesses that specifically need help.

This is our USP-We don’t want to be thought of as just another Debt This is our USP-We don’t want to be thought of as just another Debt Collection Agency so we have Niched our business specifically so that Collection Agency so we have Niched our business specifically so that we work in specific types of Collections and offer something in return.we work in specific types of Collections and offer something in return.

We are confident that our clients will get business from the effort we put We are confident that our clients will get business from the effort we put in.in.

Case Study 1-Flower wholesale Company Case Study 1-Flower wholesale Company

Summary of FactsSummary of FactsAppointed 2 days after of Insolvency Practitioner appointment for Flower Appointed 2 days after of Insolvency Practitioner appointment for Flower

Wholesaler with £112k on Ledger.Wholesaler with £112k on Ledger.

Very poor financial records obtained from the business with no handover as Very poor financial records obtained from the business with no handover as insolvency Practitioner dealt with handover and gave us information insolvency Practitioner dealt with handover and gave us information afterwards.afterwards.

Collected £67k within 60 days of appointment.Collected £67k within 60 days of appointment.

Goods were perishable so any disputes regarding quality of goods were difficult Goods were perishable so any disputes regarding quality of goods were difficult to verify.to verify.

Many items on the ledger had been paid in cash to the drivers who then retained Many items on the ledger had been paid in cash to the drivers who then retained the money as they had unpaid wages.the money as they had unpaid wages.

All these details were recorded and reported back to the Insolvency Practitioner All these details were recorded and reported back to the Insolvency Practitioner promptly.promptly.

Repayment plans set up with 3 debtors owing £22k to be repaid over next 6-12 Repayment plans set up with 3 debtors owing £22k to be repaid over next 6-12 monthsmonths

Opportunity for our instructor to speak to 2 of the customers with regards Opportunity for our instructor to speak to 2 of the customers with regards to offering advice about their situation-ongoingto offering advice about their situation-ongoing

Case Study 2-Ductwork Manufacturing and Case Study 2-Ductwork Manufacturing and Installation CompanyInstallation Company

Summary of FactsSummary of FactsVisited Business the day after it ceased trading but prior to the meeting of Visited Business the day after it ceased trading but prior to the meeting of

Creditors and spent the afternoon with the 3 Directors discussing the Creditors and spent the afternoon with the 3 Directors discussing the Ledger which at that stage stood at £1.3 million.Ledger which at that stage stood at £1.3 million.

Director had put £330k in Statement of affairs so we needed to understand Director had put £330k in Statement of affairs so we needed to understand why such a big difference.why such a big difference.

Aged Debt report had over £300k on it which needed to be written off Aged Debt report had over £300k on it which needed to be written off promptly to ensure the report reflected the amounts showing in the promptly to ensure the report reflected the amounts showing in the Management accounts.Management accounts.

Arranged a course of action with the directors to take them up to the day Arranged a course of action with the directors to take them up to the day after the Meeting of Creditors as well as requested all the information after the Meeting of Creditors as well as requested all the information that would be required for take on.that would be required for take on.

Case Study 2-Ductwork Manufacturing and Case Study 2-Ductwork Manufacturing and Installation Company-ContinuedInstallation Company-Continued

Went back to business for full day after meeting of Creditors had taken place Went back to business for full day after meeting of Creditors had taken place and lifted all files, back up, contact information and contracts that were and lifted all files, back up, contact information and contracts that were available to help with the collection process.available to help with the collection process.

Aged debt at this stage now under £1 million with several items still Aged debt at this stage now under £1 million with several items still remaining which are not justifiable and several contractual disputes to remaining which are not justifiable and several contractual disputes to deal with.deal with.

Have kept in contact with Directors to eliminate some queries and work Have kept in contact with Directors to eliminate some queries and work through the ledger.through the ledger.

Regular reports on progress and collections produced to the Insolvency Regular reports on progress and collections produced to the Insolvency Practitioner to enable them to keep the Creditors fully informed of all Practitioner to enable them to keep the Creditors fully informed of all progress and also reporting the more negative news promptly.progress and also reporting the more negative news promptly.

Checklist of Information required for CasesChecklist of Information required for Cases

Always required from Insolvency Practitioner:Always required from Insolvency Practitioner:Certificate of appointment.Certificate of appointment.

Letter of InstructionLetter of Instruction

Resolution to Wind UpResolution to Wind Up

Chairman’s report including Statement of AffairsChairman’s report including Statement of Affairs

Required from DirectorsRequired from DirectorsDebtor’s LedgerDebtor’s Ledger

Copy Invoices/Credit NotesCopy Invoices/Credit Notes

Copy ContractsCopy Contracts

Purchase Orders and/or Delivery Notes where availablePurchase Orders and/or Delivery Notes where available

Terms and Conditions Terms and Conditions

Emails and/or disputes relating to any outstanding invoicesEmails and/or disputes relating to any outstanding invoices

Checklist of Information required for Cases-Checklist of Information required for Cases-Contractual and ConstructionContractual and Construction

Additional information required:Additional information required:

Copy of Applications for paymentCopy of Applications for payment

Back up Calculations for applicationsBack up Calculations for applications

Any certificated ApplicationsAny certificated Applications

Variation orders with sign offVariation orders with sign off

Copy of JCT ContractsCopy of JCT Contracts

SummarySummarySummarySummary5 Key services to help any business involved in recovery, reorganisation and 5 Key services to help any business involved in recovery, reorganisation and

Rescue.Rescue.

Expert Debt Recovery service dealt with by experienced and qualified Expert Debt Recovery service dealt with by experienced and qualified professionalsprofessionals

Quick Collection CycleQuick Collection Cycle

Reciprocation.Reciprocation.

YOU BASICALLY RING US UP WITH THE NAME OF A COMPANY AND WE YOU BASICALLY RING US UP WITH THE NAME OF A COMPANY AND WE DO THE REST!DO THE REST!

YOU CAN THEN JUST WAIT FOR THE CASH TO START COMING IN!YOU CAN THEN JUST WAIT FOR THE CASH TO START COMING IN!

P.S-Our MD has just helped Write the ICM Debt Collection P.S-Our MD has just helped Write the ICM Debt Collection Syllabus for 2012 so that should illustrate that we know what Syllabus for 2012 so that should illustrate that we know what we are doing!!!we are doing!!!

Who we work for and Questions?Who we work for and Questions?

Who we work for:Who we work for:IP’s-Deloitte ,RSM Tenon, Smith and Williamson, PKF, Mazars, Harrisons.IP’s-Deloitte ,RSM Tenon, Smith and Williamson, PKF, Mazars, Harrisons.

Based on our Lead Generation part of business we aim to work for a limited Based on our Lead Generation part of business we aim to work for a limited number of Insolvency Practitioners in the UK.number of Insolvency Practitioners in the UK.

We are also speaking to all the Major Banks regarding working for them as well We are also speaking to all the Major Banks regarding working for them as well as the Independent Invoice Finance Companies and Turnaround as the Independent Invoice Finance Companies and Turnaround Businesses.Businesses.

We want you to be one of these businesses!We want you to be one of these businesses!Questions?Questions?Testimonials available on request.Testimonials available on request. Guarantee! Ask us for more details!Guarantee! Ask us for more details!