Creditor Services

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Why do Creditors need TMP?

TMP Creditor Services can provide specialist advice to creditors when a debtor becomes insolvent and can enhance the chances of recovery.

As experts in our field, we understand the impact on your business when a customer or client becomes insolvent.

This creates added pressure on your business.

  • Creating a loss of income.
  • A loss of a client.
  • Additional time required for your staff to complete paperwork, taking them away from their focus and core duties.
  • The stress of not knowing if a dividend will be recovered from the insolvency.

Why should you get in touch with TMP?

You may have already spent time and money instructing solicitors or debt collection agencies to issue statutory demands and winding up petitions. By having a close working relationship with TMP, it will allow us to act on your behalf at little or no cost.

The advantages are twofold.

Creditor Representation

  • We can remove the mundane and time consuming administration of form filling, posting, faxing and reporting.
  • We will submit all your Proof of Debt forms to the Official Receiver or Insolvency Practitioner dealing with matters.
  • We will liaise with the Official Receiver’s office regarding the position of the case and to what their findings are from interviewing the directors or individual.

Formal Appointments

  • TMP ensures that time and money has not been wasted by you, in ensuring a company has been wound up.
  • As a Liquidator or Trustee our primary objective is to maximise creditors’ interests.
  • We investigate the affairs of the company and its directors or the insolvent individual.
  • We recover and realise funds due to the estate.
  • We distribute to the creditors.
  • We can accept compulsory liquidation or trustee appointments i.e. through the courts.
  • We can obtain the required majority to take voluntary appointments (even where an alternative insolvency practitioner has been nominated).

Why TMP?

  • We are a leading independent firm with an excellent track record.
  • We have considerable experience of all types of recovery procedures and techniques.
  • We are independent and have very limited conflicts of interest. This can be a very important when dealing with hostile banks. We provide a complete range of services – including access to turnaround finance to inject much need finance into a distressed business that can often be used to prevent insolvency.
  • We have an extensive range of contacts in this niche sector which is often crucial to getting deals done - efficiently and effectively.

Creditor Services has put together a unique package designed to fit into the client's day to day collections or legal process that is called an "End to End Service".

Please contact us on 020 3819 8600. We look forward to hearing from you.