Asset Recovery
Need expertise in asset recovery? At Miller James, our team specialises in identifying, locating, and securing assets to help you recover the money you’re owed.
In many cases, businesses assume that if a debtor cannot pay, the money is simply lost and must be written off. However, this is not necessarily the case, as many debtors still hold assets that could be used to settle the outstanding balance. This is where our team can help.
Our Asset Recovery service helps businesses identify and recover debtor assets that may be used to settle outstanding debts. Our agents will start with site visits to locate debtors’ assets, and by combining our efforts with local auction houses, we can arrange for the uplift and sale of assets on your behalf.
When Should You Consider Asset Recovery?
When it comes to settling debts, asset recovery can seem like a last resort. However, the sooner you inform us of an unpaid debt, the sooner we can help you to recover lost earnings. You may wish to consider asset recovery when:
- A debtor refuses to engage with you or make contact
- An invoice is long overdue, despite follow-ups
- Enforcement action has been unsuccessful
- A company has ceased trading but still owes money
- A company has a high value debt
- You suspect assets have been moved or hidden
What Types Of Assets Can Be Recovered?
Examples of typical assets that can be recovered include:
- Commercial property
- Equipment - such as machinery, tools and furniture
- Vehicles and fleet assets
- IT and technology assets
- Stock and inventory
What Are The Benefits Of Asset Recovery?
01.
Peace of Mind
By entrusting your debt to our expert team, you can rest assured that the issue is in good hands and will be handled responsibly.
02.
Locate Hidden Assets
Our team are experts in handling asset recovery, and can uncover hidden or unknown assets that you may otherwise be unaware of.
03.
Reduce Wasted Legal Costs
Our asset recovery services are often a precursor to legal action, which can be costly and time consuming.