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. 

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.

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.