Case Study 8
Food Processing Business
Food Processing Business Debt Recovery and Documentation
Following early pre-administration engagement, we backed up the sales ledger, statements, invoices, and secured hard copy PODs. The team worked closely with the restructuring team to maximise leverage and ensure continuous supplies. On-site for several days, we maintained up-to-date backups and provided detailed reports, including EOS, debtor analysis, and banking information across four accounts. The ledger, totalling £1,562,860, consisted of debt from supermarkets, local butchers, and cafes/restaurants. Despite a 19% deficit primarily due to contractual rebates, we recovered £1,271,071, representing 81% of the original ledger, from 157 debtors.
£1,562,860 ledger total
157 debtors, including small value invoices
Full documentation and data backups
Contractual rebates and overriders accounted for 19% deficit
£1,271,071 recovered (81% recovery)
Successful management of four bank accounts
Timely reports provided pre and post administration
