Construction: Southampton
SFP Recoveries was instructed to attend a shopfitting company that had built up several large debts owed to HMRC and had been placed into Administration by an asset based lender. It was required to oversee the accounts function at the company with on-site support that focused on the book debts. SFP Recoveries reconciled the sales ledger and debtor discrepancies, reviewed the viability of the debtor book and systems, taking control of company data, books, credit control systems and invoicing. As a result of the instruction SFP Recoveries were able to assist in the full recovery of the asset-based lender’s total indebtedness of in excess of £800,000.
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