For Solicitors
The debt may be recovered – but the value in the ledger may not be!
PLR provides a forensic sales ledger recovery review to identify statutory late payment entitlements that conventional debt recovery does not ordinarily examine.
Once you have successfully recovered an outstanding debt for a client, PLR can undertake a FREE Historic Paid Ledger Review to identify further potential recoveries arising from invoices that were paid late.
You remain the client’s legal adviser. PLR provides the financial analysis. All roles, responsibilities and commercial arrangements are clearly documented from the outset.
Business Sales
Are any of your clients selling their business?
PLR can conduct a Pre-Sale Audit of the Ledger. This could help potentially identify an additional asset for shareholders.
The same is true for any of your clients who may be looking to buy a business. PLR with their Pre-Purchase Audit of the Ledger can identify a latent unclaimed asset. In our experience, in the majority of times, the seller will not even know that there is a potentially lucrative asset lying dormant with their historic paid ledger.
Business that have ceased to trade but remain Solvent
This would apply to retiring business owners, companies ceasing a particular division, a MVL (Members Voluntary Liquidation), Companies preparing for voluntary strike-off.
Before the entity disappears, as Solicitors you should ask your clients : “Have you monetised the historic sales ledger ?”
PLR has a bespoke offering specifically for this scenario – it is the “PLR Business Closure Audit”. Before a solvent business closes, PLR will examine the previous 6 years of paid invoices. Your clients will thank you for your proactive stance on the closure process and you get a share of our revenue from simply doing your job.