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Case Studies

Case Studies

We have provided a wide range of risk management services on behalf of UK and European lenders and equity specialists since we were established in 2001.

Here are just a few of our most recent case studies.


£176,000 fraud discovered by eagle-eyed team

Our audit team has exposed fraudulent invoices worth £176,000 on a recruitment company’s £750,000 invoice facility.


Survey to help wholesaler avoid cash flow shortfall

We were recently engaged by a wholesaler to conduct a pre-lend survey to support their funding enquiries and help them secure the right funding.


Audit and verification help to improve client-funder relationship

Hilton-Baird Audit & Survey have been thanked for providing the insight required to enable the lender to deliver the level of funding their client, a clothing wholesaler, required.

No fraud

Audit confirms no fraudulent activity

A lender’s fears over potential fresh air invoicing were allayed after a recent audit uncovered a simple misunderstanding.

Reserve shortages

Reserve shortages found on routine audit

Our audit team has made a number of recommendations to an asset based lender after a routine audit of a client in the oil and gas sector uncovered a shortage in reserves and potential risks.


Audit reveals several risks for lender

A routine audit of a major alcohol wholesaler uncovered a number of potential issues for the lender, including being significantly under-reserved for rebates.

Sales ledger review

Sales ledger review reveals cause for concern

A recent sales ledger review has uncovered several areas of concern for our asset based lending client.

Waffle heart

Audit uncovers breach of invoice discounting facility

A routine audit has uncovered problems with the EDI systems of an invoice finance client in the baked goods sector, that led to a breach of their monthly overdue covenant.


Manufacturer in administration reviewed for invoice finance facility

Hilton-Baird Audit & Survey has helped an invoice finance company to appraise a prospective client in need of new cash flow support.


Multi-Million Pound ABL Facility Agreed

Our recommendations led to an £11.1 million asset based lending deal being agreed after we were instructed to survey a £70 million turnover business looking for a funding facility to facilitate an acquisition.


The First Step To Rebuilding Trust

Our sales ledger review provided a lender with all the information they needed to make an informed lending decision after their client suffered a bad debt.


Audit Uncovers Winding-Up Petition

See how we discovered an invoice finance client had accumulated Crown arrears that far exceeded their cash flow capabilities, prompting HMRC to issue a seven day letter that had since expired.


Strength In Numbers

When an invoice finance client was hit by the slowdown in the housing market, the funder appointed us to ascertain the true extent of how the company had been affected and recommend the best plan of action.


Getting Ready For Funding

How we helped a building maintenance business secure an invoice discounting facility after they instructed us to audit their assets and systems ahead of presenting the findings to potential finance providers.

Find case studies by service:

Our clients

  • Secure Trust Bank
  • Ultimate Finance
  • PNC Business Credit
  • Nucleus Commercial Finance
  • Investec
  • IGF Invoice Finance
  • Close Brothers Invoice Finance
  • Bibby Financial Services
  • GapCap
  • Leumi ABL
  • Woodsford Tradebridge
  • Factor 21