At Legal Recoveries, we are pleased to offer two new in-depth Asset Trace Reports: Full Asset Trace and Mini Asset Trace.
Asset Tracing is also referred to as “following the money”, where an investigator will trace an individual’s assets and follow the trail of revenue, especially in the case of criminal activity. They are particularly helpful for high debt value cases and for cases where it has been difficult to establish a sole trader’s whereabouts. The reports can be obtained at any point in the debt recovery cycle. The reports show whether taking court action is appropriate and cost-effective and will help us to make recommendations to you on how to proceed. They can also be used at the post-judgment stage to help determine which enforcement method is appropriate to use.
Full Asset Tracing
The Full Asset Trace Report will provide you with:
Details of the scope of work
Executive summary
Trace and identity research
Family connections and known associates
Associated addresses
Insolvency details
Legal proceedings
Target company/business research
Active, dissolved and overseas directorships
Non-limited company research
Shareholdings
Land registry searches
Hidden asset research
Property visits and reports on condition, valuation etc. (including photographs)
Asset register, condition, valuation etc. including photographs
Credit Referencing
Press, media, internet and social media research
Conclusion and recommendations.
Mini Asset Tracing
The Mini Asset Trace Report contains details of identity research, trace research, insolvency details, target company/business research, property visit, property report, condition, valuation etc. including photographs and visible asset profile.
Features
The reports can be used for all types of debtors including consumers, sole traders and limited companies.
The reports are bespoke and then manually assessed and processed, pulling data from a variety of sources depending on the circumstances of the case.
The reports also research “off-target”, which means research not just against the subject name but variants/aliases/address etc.
In some circumstances, photographic evidence is also collated such as home addresses, business premises as well as the debtor too.
Benefits
The biggest benefit is the ‘boots on the ground’ service, which you don’t get with a desktop-only report.
The reports can save the client money on-court action if it is apparent the debtor has no assets.
Asset Tracing With Legal Recoveries
At Legal Recoveries, our Full Asset Trace and Mini Asset Trace can provide you with the information you need, if you’re looking to take court action. As a member of the Credit Services Association (CSA), we ensure our services comply with their code of practice, offering high-quality and professional legal services.
By choosing Legal Recoveries, you can benefit from extensive or content asset trace reports, whilst complying with GDPR requirements. Get in touch with us for more information on the Asset Trace Reports we provide.
If you have any questions about our service or would like to discuss your matters with us in greater detail, please contact the Business Development Team on 0330 024 6342
Gaurav is our senior consultant solicitor with 18+ years of litigation experience. Having dealt with contentious commercial cases that have found their way in the Civil Procedure Rules (CPR), he is the exciting new addition to our team.
Gaurav is the designated supervisor for Dispute Resolution and oversees the team to maintain the high standards our clients deserve.
Our Coronavirus Policy
It remains business as usual for the team at LRC Ltd, however as Coronavirus spreads, we would like to update you on what we are doing to minimise any potential disruption and continue to provide you with the service you expect from us to support you.
We already have a business continuity plan in place for such an event and have reviewed this in light of Coronavirus. As part of our plan, we are:
• Following the Government guidelines to reduce the risk of infection and spread of the virus
• Using video/phone conferencing wherever possible to remove the need for face-to-face meetings and travel
• Identifying vulnerable employees and checking travel plans
• Many of our staff already have the facility to work from home and we are extending this to more staff where possible
• Phones are easily diverted and we can operate from a number of locations
• Briefing all our staff on how to reduce the risk of infection to themselves and the people they come into contact with.
Please be aware we will never email, call or text you without quoting an LRC unique reference for your case. Fraudsters may try to imitate our communications. If you have any concerns please do not click on links within an email or text message and please do forward to us immediately for investigations using our email address fraudinvestigations@legalrecoveries.com.
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