Unlock a hidden asset in every liquidation: the sales ledger you already hold
A Paid Ledger Recovery solution for Insolvency Practitioners — a free, no-risk way to find hidden estate value.
Every company you take into liquidation has a sales ledger. Buried in it — usually invisible to the outgoing directors and rarely pursued by anyone — is a statutory right that can be worth tens of thousands of pounds to the estate: compensation and interest for invoices your company’s own customers paid late, under the Late Payment of Commercial Debts (Interest) Act 1998.
This right survives insolvency. It can be claimed on any invoice paid late in the six years before your appointment. Unlike chasing unpaid debts, there is no live relationship to protect — the company has no further trading interest in any of these customers. It is, in the fullest sense, dormant value sitting inside data you already control.
Why this matters to you
An additional, low-effort source of asset realisation for the estate, on top of your existing recovery work.
No cost or risk to you or the estate to find out what it’s worth — the initial ledger analysis is provided free of charge.
Minimal demand on your time: we do the data extraction, the calculation, and the collection correspondence.
Works even where accounting records are incomplete — our analysis team can work from exported reports as well as live software access.
The claim can be assigned so it is pursued on the estate’s behalf without adding to your own workload or that of your staff.
What you can claim, per invoice
In addition to statutory interest at 8% above the Bank of England base rate, fixed compensation is payable on every invoice paid late.
Up to £999.99
£40
compensation per invoice
£1,000 – £9,999.99
£70
compensation per invoice
£10,000 and over
£100
compensation per invoice
Firms with high invoice volumes typically identify between 1,000 and 7,000 late-paid invoices per liquidated company. Reasonable additional costs of recovery can also be claimed.
How it works
You provide access to the company’s accounting records — or, where incomplete, whatever hard-copy reports exist.
We analyse the ledger and identify every invoice paid outside its due date within the six-year window.
You receive a report, typically within days, showing the likely recoverable value before you commit to anything.
If you proceed, recovery correspondence and any legal process is carried out through our instructed solicitors — never in your name.
You are kept informed throughout and receive the estate’s share of what is recovered.
Confidentiality and control
You retain full control over which former customers are pursued. Where a debtor’s cooperation on other matters connected to the insolvency needs to be preserved, simply flag it and it is excluded from the exercise. All correspondence is handled by our panel of regulated solicitors, so nothing goes out under the insolvency practitioner’s own name.
Getting started costs you nothing
There is no fee for the initial ledger analysis and indicative report. You decide whether the numbers justify proceeding only once you can see them.