Business decline and turnaround – spotting the warning signs and acting decisively
June 5, 2023
Creditor Services
Our creditor services are designed to assist our clients by alleviating the administrative burden imposed on creditors by the insolvency process and by attending creditors meetings on your behalf allowing us to report to you on the likely recovery of your debt.
Creditor Services
As licensed insolvency practitioners, we aim to be proactive in ensuring that wherever possible, formal insolvency can be avoided and the debt recovered in full.
We help our commercial, industrial, professional services, banking and public sector clients through a range of services, including, but not limited to:
- Insolvent claims portfolio management and reporting, generating increased dividend returns
- Comprehensive and professional coverage of ANY Creditors’ Meeting convened in the UK under the insolvency legislation
- Local Authority debt recovery assistance, resulting in increased returns from legal and recovery action
- Debtor portfolio management with up-to-date reporting
- Pre-litigation reviews and advice
- Bankruptcy advice (either to debtors or creditors)
- Compulsory liquidation advice (either to debtor companies or creditors)
When insolvency is unavoidable
In certain circumstances, formal insolvency is unavoidable. Even if we are not appointed as the insolvency practitioners to the debtor, we will ensure that the position of our clients is protected and seek to use our experience and expertise to maximise their recovery.
Advice for Creditors
For more information on our creditor services, we offer an initial free consultation to review the situation and make recommendations on the best way forward. Contact our Head Office on +44 (0) 20 3326 6454 to arrange a no obligation and confidential call with Neil Fordham, Director of Creditor Services.
Restructuring guidance with a clear client understanding
“Our firm has worked with Opus for many years and with one of the partners in particular, Jo Rolls. I have attended a number of meetings with Jo when our clients have needed guidance on restructuring their business at a time when they have been facing financial challenges. Jo has always demonstrated a clear understanding of the clients’ needs from the outset. Her attention to details and diligent advice have proved invaluable to the business at a time when the directors needed it most. I would have no hesitation in recommending Opus to anyone wishing to use their services”
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