Asset Trace Reports

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