Crede

1. Credebt’s Services for the
Insolvency, Turnaround and
Invoice Finance
Markets
And how we can Help Your
Business!

2. Our Mission and Values
Mission Statement
To be the leading Provider of Collection Services to the Insolvency,
Turnaround and Invoice Financing Markets in England and Wales.
Values
Only Charge for success.
Deliver results when we say we will.
Communicate effectively, regularly and honesty.
Demonstrate professionalism and Integrity at all times.
Maintain our high level of service for the 50th Instruction as well as the 1st.
Apply a trustworthy and ethical approach in everything we do.
Provide a market leading comprehensive service to our valued clients.

3. Services
Insolvency Collections
Sales Ledger Audits
Turnaround and Corporate Collections
Advisory Services
Lead Generation Reciprocator

4. Insolvency Collections
What we do!
Debtor Book Realisation for Insolvency Practitioners and
Banks
Factor Collect Outs for Invoice Financing Companies
We specialise in these areas unlike most Collections
businesses

5. Insolvency Collections
Main Benefits
No Collection No Fee
90 day Collection Cycle ensuring speedy Recovery of most debts.
86% Average Collection Rate across all ledgers, some higher.
Tiered Commission Structure to ensure the service is Cost effective.
Regular Summary Progress Reports provided Monthly, or more often
upon request.
Breadth of knowledge across Insolvency Law, OFT Rules, Consumer
Credit Legislation, Contract Law and Construction Law as well as
commercial awareness to protect your position and reputation.

6. Insolvency Collections
Why us?
We have never had a ledger handed to us without making a recovery.
Very High Collection Rate.
Ledgers dealt with at any stage, even pre formal Appointment.
Straightforward Reports specially designed to meet compliance requirements of
Insolvency Practitioners.
We already deal with 11 of the top 20 Firms in the South West and several others
around the Country.
We Reciprocate(More on that Later)
We are R3 Associate Members, CSA and ICM Accredited

7. Sales Ledger Audits
What we do!
Audit Sales ledger to ascertain likelihood of recovery
including how much and when by.
Collect supporting paperwork and download systems
information to use in collection process.
Discuss specific accounts with Directors to obtain as much
information as possible to aid with collection.

8. Sales Ledger Audits
Main Benefits
Early indication of how much of the Sales Ledger can be turned into
cash, and how quickly.
Helps with managing Creditor expectations as we can advise whether the
amount in the Statement of affairs is realistic
Decision can be made whether to outsource immediately or retain staff in
house for short period to maximise collections
This service is proven to reduce write offs and queries.

9. Sale Ledger Audits
Why Us?
Service is included in our process for collecting the ledger.
Extensive experience of many industries to enable us to ask to right
questions and obtain the right paperwork to aid the recovery.
Industries dealt with include Manufacturing, Construction, Transport,
Logistics, Professional Services, Charities, Engineering, Utilities,
Marketing, IT, FMCG, Food, Packaging, Legal, Publishing and many
more.
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 are not.

10. Turnaround and Corporate Debt
Collection Services
What we do
Credebt offers collections services to any business facing Restructuring,
Reorganisation, Rescue and Turnaround where an injection of cash is
needed, fast.
Main Benefits
Improved cash flow for business
Assistance with old and difficult debt recovery
High Level Negotiations with Customers
Problem solving and Query Resolution
Directors can focus on core business whilst we collect

11. Turnaround and Corporate
collections
Why Us?
Extensive Experience in many industries
Ongoing support available after collection process complete
We can be engaged for as little, or as long, as required and work to the
clients timeframes

12. Advisory Services
What we do!
Credit policy creation and amendment
Collection Process design and Implementation
Order to cash consulting
Query management reporting
Invoice discounting and Factoring advice and support
Credit application process design including terms of sale
DSO Improvement work.
All of these can help existing businesses or New Company following
Administration or Liquidation of old one

13. Advisory Services
Main Benefits
Improve processes of business and prevent re-occurrence of cash flow
issues
Cash flow position will be stronger
Why Us?
We have completed projects of this kind for businesses ranging from
£100k turnover family business to £14 billion turnover global
organisation with a presence in 86 countries.
We work with businesses to formulate their objectives and then find a
solution.
We can be hands on when required.

14. Lead Generation Reciprocator
What we do! Our USP!
Using several reporting mechanisms and platforms as well as farming the
ledgers we work on, we spot early warning signs and therefore find
opportunities with the following businesses types:
Require funding
Are facing Insolvency
Require restructuring and reorganisation
Require turnaround advice and support
These businesses are then referred to one of our valued clients to assist
whenever possible

15. Lead Generation Reciprocator
Main Benefits
Our Clients get more opportunities
This also helps us with our recoveries as we can differentiate between
can’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
levels for our clients
We only plan to provide this service to a capped number of firms in the
South West

16. Lead Generation Reciprocator
Why Us?
We have access to several of the main Company report providers and
have developed tailored solutions with them all to offer lists of
businesses that specifically need help.
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
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
in.

17. Case Study 1-Flower wholesale Company
Summary of Facts
Appointed 2 days after of Insolvency Practitioner appointment for Flower
Wholesaler with £112k on Ledger.
Very poor financial records obtained from the business with no handover
as insolvency Practitioner dealt with handover and gave us information
afterwards.
Collected £67k within 60 days of appointment.
Goods were perishable so any disputes regarding quality of goods were
difficult to verify.
Many items on the ledger had been paid in cash to the drivers who then
retained the money as they had unpaid wages.
All these details were recorded and reported back to the Insolvency
Practitioner promptly.
Repayment plans set up with 3 debtors owing £22k to be repaid over next
6-12 months
Opportunity for our instructor to speak to 2 of the customers with
regards to offering advice about their situation-ongoing

18. Case Study 2-Ductwork Manufacturing and
Installation Company
Summary of Facts
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
Ledger which at that stage stood at £1.3 million.
Director had put £330k in Statement of affairs so we needed to
understand why such a big difference.
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
Management accounts.
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
that would be required for take on.

19. Case Study 2-Ductwork Manufacturing and
Installation Company-Continued
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 available to help with the collection process.
Aged debt at this stage now under £1 million with several items still
remaining which are not justifiable and several contractual disputes to
deal with.
Have kept in contact with Directors to eliminate some queries and work
through the ledger.
Regular reports on progress and collections produced to the Insolvency
Practitioner to enable them to keep the Creditors fully informed of all
progress and also reporting the more negative news promptly.

20. Checklist of Information required for Cases
Always required from Insolvency Practitioner:
Certificate of appointment.
Letter of Instruction
Resolution to Wind Up
Chairman’s report including Statement of Affairs
Required from Directors
Debtor’s Ledger
Copy Invoices/Credit Notes
Copy Contracts
Purchase Orders and/or Delivery Notes where available
Terms and Conditions
Emails and/or disputes relating to any outstanding invoices

21. Checklist of Information required for Cases-
Contractual and Construction
Additional information required:
Copy of Applications for payment
Back up Calculations for applications
Any certificated Applications
Variation orders with sign off
Copy of JCT Contracts

22. Summary
Summary
5 Key services to help any business involved in recovery, reorganisation
and Rescue.
Expert Debt Recovery service dealt with by experienced and qualified
professionals
Quick Collection Cycle
Reciprocation.
YOU BASICALLY RING US UP WITH THE NAME OF A COMPANY AND
WE DO THE REST!
YOU CAN THEN JUST WAIT FOR THE CASH TO START COMING IN!
P.S-Our MD has just helped Write the ICM Debt Collection
Syllabus for 2012 so that should illustrate that we know
what we are doing!!!

23. Who we work for and Questions?
Who we work for:
IP’s-Deloitte ,RSM Tenon, BDO,Smith and Williamson, PKF, Mazars,
Harrisons.
ABL’s-RBSIF, Lloyds TSBIF, Bibby.
Based on our Lead Generation part of business we aim to work for a
limited number of Insolvency Practitioners in the UK.
We want you to be one of these businesses!
Testimonials available on request.
Guarantee! Ask us for more details!
Cost Free Collections-Please ask!