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A client approached us with a significant aged debt portfolio that they needed help recovering. The debt portfolio totalled nearly £250,000 and the client expressed concerns about the collectability of these debts. Their concerts were due to the fact that many of the debts were nearing the statute of limitations cut-off date.
When taking on this case, our first priority was to conduct thorough due diligence on each debtor. This allowed us to determine the economic feasibility of pursuing these debts, and what the recovery process would look like. Following our in-depth assessment on the debtors, we were retained to act as collection agents on the client’s behalf.
We pursued targeted negotiation strategies with the debtors, we successfully recovered an amount substantially higher than the client’s projected recovery target. The exceptional results we delivered have led to the client entrusting us with the management of all their future collection requirements.
When taking on this case, our first priority was to conduct thorough due diligence on each debtor. This allowed us to determine the economic feasibility of pursuing these debts, and what the recovery process would look like. Following our in-depth assessment on the debtors, we were retained to act as collection agents on the client’s behalf.
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