Personal Insolvency Outsourcing/Joint Venture
180 Advisory Solutions Ltd (“180”) has the experience of successfully running large portfolios of personal insolvency clients.
For small to medium sized insolvency portfolios the fixed overhead costs of employing a capable and suitably experienced Insolvency Practitioner (“IP”) (plus having an alternate in place or even a second IP in case the first one leaves) and administration staff can be crippling.
The three options such firms traditionally had to choose between were:
Run the book properly, providing a good quality service to clients with a good IP and good admin staff but generating lower profits; or
Solution scrimp on quality and deliver a poorer service to clients and make a decent profit margin (although poor service delivery normally results in higher breakage rates and lower realisations); or
With high level of fees for work done leads opt simply to be a lead generator.
180 can provide the best of both worlds:
Outsource some or all of the work required to run that portfolio on a cost per case per month basis; or
Create a joint venture with 180 where we share the risk and the profits. You supply the clients pack of vouched information, forego the guaranteed payment for work done and we will do everything else in return for a split of the profits generated.
At 180 we have 2 IPs who are very experienced at running a large personal insolvency practice delivering a high quality service to clients and creditors with a team of experienced case administrators.
The three main reasons it is more profitable to partner with 180 are:
The cost of the insolvency practitioner is not borne fully by your portfolio alone but rather is shared with other portfolios and 180’s own caseload; and
Our experienced case administrators and streamlined systems and procedures ensure that a greater volume of clients can be well looked after by each administrator; and
We’re not greedy!