We are delighted to have become the Chartered Institute of Credit Management’s (CICM) newest Corporate Partner to increase the visibility of our Creditor Services team to CICM members, as well as promoting our services to the wider credit management profession.
Our Creditor Services team advises creditors on the best way to protect a business’ position when a business or individual enters, or is approaching insolvency proceedings – acting in a variety of cases, from a straightforward single asset bankruptcy or owner-managed liquidation, through to large, complex cases that may involve detailed forensic investigations, and international jurisdictions.
Bethan Evans, Head of the our Creditor Services team, explains how we aim to help CICM members, and the businesses they work for, to improve financial outcomes: “We have extensive industry and insolvency sector experience and expert insights. Our Creditor Services offering aims to support credit managers and reduce the administrative burden upon them when something goes wrong. Ultimately, we want to improve their financial outcome and simplify what can be a daunting process. We will help navigate the paperwork by reviewing and analysing all insolvency and other related correspondence, completing and lodging claim forms, proxy forms and monitoring dividend prospects – to name a few.”
“As well as this, our dedicated team of specialists can also help with retention of title claims, recovering debt, both within the UK and internationally, raising finance, financial restructuring and providing representation at creditors meetings to guide, inform and support our clients. Our team will collaborate with CICM members in order to ensure any areas for investigation are reviewed to maximise the chances of a return to them.”
Our Creditor Services offering is an initiative launched by our Business Recovery team which consists of seven insolvency practitioners and over 40 corporate recovery professionals. We are also an active member of HLB International – a global network of independent advisory and accounting firms – which provides us with access to specialist support in over 150 countries worldwide. This elevates our Creditor Services capability when it comes to dealing with international disputes, recovering international debt, and providing other forensic services internationally such as investigations into fraudulent trading, unlawful dividends and asset tracing.
Sue Chapple, Interim Chief Executive of CICM, is delighted to welcome Menzies as a corporate partner: “It is our first Accountancy firm to join the other partners who are all committed to advancing the credit profession and best practice with in the credit industry.”
“We are currently working with Menzies to identify a programme of events and packaged information that will add the most value to our membership. We look forward to announcing a number of activities across the year which will include round table events and webinars.”