RISK FREE

INSTANT CASH

FAST TURNAROUND

Instant liquidity for difficult, time-consuming or costly to recover debts.

Midas Receivables offers debt purchase for individual debts or portfolios of debts in most industries. We have many years of experience within the insolvency, finance and debt recovery sectors so we understand the constraints placed on insolvency practitioners and lenders.

Why Sell Debts?

Converting difficult and time-consuming debtors into cash…

Provides instant certainty of fees

Enables dividends to be paid to secured and unsecured creditors quickly

Removes the uncertainty and risk

Allows your resources to be utilised on more profitable tasks

Limits the administration costs of keeping an insolvency case open

Allows cases to be closed much earlier than would otherwise be the case

What type of debts?

If you aren't sure about whether your debt is relevant call us on 0114 299 1318 to discuss. Midas will consider purchasing any type of debt but we tend to focus on the following...

Outstanding sales ledgers

When a company enters administration or liquidation, there are often outstanding sales ledgers to collect. We are willing to appraise these at the time of your appointment or even prior, to give certainty of realisations to the estate on day one. 

COMMERCIAL RUMP END DEBTS

We recognise that you may wish to pursue debts yourself first but you may reach a point where the debts are proving tricky to collect or you lack the time, resources or indeed funds to pursue them.  We call these the “Rump End Debts” and Midas will happily consider purchasing these, either as individual debts or as a portfolio.

CONSTRUCTION RETENTIONS

In construction or contract cases the insolvent business may have retentions due from its main contractor.  These often get overlooked or can be quite difficult to collect as they are likely not to fall due until quite some time after the contract has been completed and the companies’ staff may be long gone so you cannot easily defend counterclaims.  With our access to quantity surveyors we can assess these claims and purchase them allowing you to close the case.

How Much?

Each debt or portfolio of debts will be different and we will always make our own assessment of the likely recovery before making you an offer to purchase the debts.  If we believe that we will need to employ other professionals to recover the debts then our offer will take that into account.  But we will always be fair and transparent.

Why Midas?

Our management team has an extensive background in working with insolvency practitioners and lenders and is comprised of insolvency, debt recovery and finance specialists. 

We truly understand the business recovery, insolvency and finance professions.

Midas Receivables was established to help insolvency practitioners and lenders realise debts that may otherwise not be recovered or where the recovery is likely to be protracted and costly.  Midas brings certainty to the outcome for creditors.

We like to think that we are an additional resource available to insolvency practitioners and lenders, specialising in converting debts into cash as part of the business recovery and insolvency process.

FREE DEBT APPRAISAL

Talk to us!  Tell us about the debts or claims and we will make an assessment based on the information you provide. This simple process enables you to release cash immediately. 

Attach Supporting Docs (Schedule of Assets/Debtor Ledgers)

Got A Question?
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