Debt Collection Case Studies

Going boldly where no debt collection agency has gone before to recover an additional 200k

Request Free Ledger Review

Helping A National IP Recover Over & Above

This is how we helped a National Insolvency Practice recover an additional £200,000 from an in-house collection that was judged to be exhausted.

CRS were appointed by a National Insolvency Practice to collect out the rump end ledger of a failed retailer selling discount goods. The administrator had retained the services of the financial controller/credit controller as well as their own credit control team to collect out the ledger.

After four months they had collected out as much as they could, and the remaining balance was deemed uncollectable. CRS were employed to recover as much as possible on the remaining ledger which was in excess of £500,000. Within 3 months CRS had collected almost £200,000 and are close to receiving a large payment
which will take recoveries well in excess of this.

CRS are debt recovery experts, and always strive to increase recoveries even on ledgers where attempts at recovery have already been made and subsequently deemed unrecoverable, leaving you with peace of mind that creditors have their maximum dividend and cases can be closed.

An expert Retentions team who can really Raise the Roof!

Retentions Experts CRS go over and above for a Yorkshire Roofing company and recover 158% of their ledger…

CRS were appointed by the liquidators of a roofing company in west Yorkshire with an outstanding sales ledger of £180,000. On further investigation attending offices and spending days searching the books and record, CRS discovered retentions due to the company in excess of £250,000 which had not been documented or recorded. None of the retentions had been collected during the entire existence of the company.

Once collections had been made and retentions that were not statute barred had been recovered, CRS collected a total of £285,000 against what had been advised as a £180,000 ledger. Returning 158% of collections against original company books and records.

CRS are Construction debt recovery experts, with hands on experience of construction debt and a specialist debt recovery team. We offer a free review of construction ledgers and focus on the harder to collect debts, such as applications and retentions, giving you the best picture on what is recoverable and when its likely to be recovered by.

Blasting Through the Roof of Recovery to recover 158% of the cleints ledger

Request Free Ledger Review

Blasting Through the Roof of Recovery to recover 158% of the cleints ledger

Request Free Ledger Review

An expert Retentions team who can really Raise the Roof!

Retentions Experts CRS go over and above for a Yorkshire Roofing company and recover 158% of their ledger…

CRS were appointed by the liquidators of a roofing company in west Yorkshire with an outstanding sales ledger of £180,000. On further investigation attending offices and spending days searching the books and
record, CRS discovered retentions due to the company in excess of £250,000 which had not been documented or recorded. None of the retentions had been collected during the entire existence of the company.

Once collections had been made and retentions that were not statute barred had been recovered, CRS collected a total of £285,000 against what had been advised as a £180,000 ledger. Returning 158% of collections against original company books and records.

CRS are Construction debt recovery experts, with hands on experience of construction debt and a specialist debt recovery team. We offer a free review of construction ledgers and focus on the harder to collect debts, such as applications and retentions, giving you the best picture on what is recoverable and when its likely to be recovered by.

Give us a try... The ledgers were passed over to CRS who recovered an additional 60k from 8 Ledgers

Request Free Ledger Review

Helping You Get Your Cases Closed Quicker...

A Helping Handing in Closing Cases. How our Cold Case Review Service helped an Insolvency Firm.

CRS were appointed by a liquidator working to close a number of cases. Previous attempts to collect these small debtor ledgers had been made but due to capacity of the in-house recoveries team could not be prioritised. Rather than write the off the debt the ledgers were passed over to CRS whose involvement enables the recovery of an additional £60,000 over 8 ledgers.

This just goes to show that even when jobs are coming to a close there is often money to be found, CRS will review any cold cases. In the worst-case scenario with nothing to collect you will receive a free report saying the file should be closed and all attempts have been made to recover the debts. However, in the best-case scenario you will recover more from the case and support a larger distribution to creditors.

As debt recovery specialists we always strive to maximise the recoveries on all ledgers even on ledgers which have been cherry picked and subsequently deemed unrecoverable. Leaving you with peace of mind that creditors have their maximum dividend and cases can be closed.

”Couldn’t recommend Tim Shore and CRS enough. Fantastic people and really good at what they do..“

Simon Atkinson
Technical Director at Complete Compliance

”Contract Recovery Solutions have acted for us on several occasions. They offer an immediate and professional service and work hard to deliver the optimum solution to, often, complicated and difficult issues.“

Martin Wilcock
Insolvency Adviser at Inquesta

CRS are an extremely professional and competent provider of debt recovery solutions and I have always found their staff to be friendly and courteous. They are a pleasure to work with.

Will Reay
Accountant, Chesterfield

We have appointed CRS on numerous occasions where we require their expertise in collection of outstanding debts in both Construction and Commercial cases. They always provide a professional and efficient service and maximise all recoveries made. I would have no hesitation in recommending them.

Jason Elliot
Partner at Cowgill Holloway LLP

We used CRS to review the ledger of a client of ours, serving the construction sector. We were a little concerned with the level of dilution we were experiencing. Within a day CRS had analysed the ledger, justified and explained the anomaly in the figures and proposed a compromise which worked for us and the client.

Andy Grantham
Sales & Marketing Director at Skipton Business Finance

CRS have provided valuable practical, ‘hands on’ assistance, in the resolution of two stalled property projects.

Ravi Chawla
Managing Director at Goldcrest Finance

We started working with CRS in 2011 and they have assisted on our construction related jobs to date. As is always the case, each job is complicated, so the technical advice that CRS offer is invaluable and means we can be confident that we will get the maximum recovery possible.

Diane Dunion
Licensed Insolvency Practitioner at Begbies Traynor

I have used the CRS team to assist with complex contract recoveries on a number of cases and I have always been impressed with the way matters are handled. The team takes ownership of the case and provides considered updates using their expertise to guide the recovery process and deliver results. I would have no reservations in recommended them to industry colleagues and hope to work with them on cases in the future.

Robert Hanley
Senior Associate at AlixPartners

We have been working with CRS for a couple of years now and the expertise that they provide to us is crucial. When you are working on complex construction cases, you need that specialist advice to ensure you are always getting the best result possible, and with their technical knowledge alongside their experience of dealing with financially distressed construction companies, that’s exactly what CRS provide.

Matthew Cluer
Senior Consultant at Begbies Traynor

We have used Contract Recovery Solutions on a number of occasions to assist with collections of overseas aged debt. In all cases we received first class professional advice and service which delivered results that exceeded our expectations.

Chris Beaumont
Credit Manager at Norbain SD

Having typed the phrase ‘commercial debt recovery’ in to Google so many times and as a result having tried so many ‘big firms’ of debt collectors in the past we were introduced to CRS a couple of years ago. The best appraisal of their services that I can offer is that I now recommend them to all of my clients if they are ever in need of such services. CRS offer an entirely proactive debt recovery service driven to achieve results, they keep you informed every step of the way and also advise on avoiding late payment in the future which can prove invaluable to many businesses.

Perhaps the most impressive aspect of CRS’s business is their ability to collect complex construction debt. In one instance where a client of mine could not avoid insolvency, we referred the collection to CRS’s specialist construction team who together with one of their panel firms of solicitors extracted any and all information from the insolvency in order to mount a successful claim against a multi-million pound UK giant – in actual fact the claim was so strong given the diligent and painstaking preperation carried out by CRS that it never even made it in front of a Judge and settled in our favour away from the perils of the courtroom. Whether via adjudication, arbitration or traditional commercial debt recovery the chances are far greater with CRS.

Tim Pearce
Senior Consultant at BCIA - Recovery & Turnaround Ltd

CRS work for us regularly on a number of cases. We have always found them to be very professional, knowledgeable and tenacious in delivering their specialist services and I have no hesitation in recommending them.

Adrian Graham
Partner at Graywoods
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

Ask us your Question.

A member of the CRS team will be back to you as soon as possible