We were introduced to the company by the lender, who provided the company with an invoice finance facility, following concerns arising from an audit carried out by the lender. The audit had identified discrepancies which had resulted in the lender increasing its reserves by c£900k on the facility of £1.5m.
Armstrong Watson were instructed to carry out debtor verification and comment on the overall viability of the business. This was done onsite at the company’s premises.
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