Glen Morgan Email & Phone Number

Bristol, Gb

Credebt are Receivables Management and Risk Specialists for the Invoice Finance, Insolvency and Turnaround Industries.Credebt was established by myself in 2009 and has developed into one of the leading providers of Receivables Management services in the UK. The reason: all our team members have at least 20 years’ Credit Management or Invoice Finance experience, which leads us to achieve results that others simply can’t.Since 2009, we have recovered over £500 million for our clients on over 2000 cases, representing all sizes, industries and scenarios.Over 1900 of these cases or 95% have resulted in either the Funder being repaid in full or us exceeding the Statement of Affairs Figure set for recoveries in an insolvency.We operate from 3 offices in London, Manchester and Bristol and cover the whole of the UK.Please do not hesitate to call to chat through any scenario on 07780 865416Email-glen@credebt.co.ukCredebt are members of the Credit Services Association, UK Finance Associate members and Institute for Turnaround Corporate Members.I am a Specialist member of the IFT and Fellow of the Chartered Institute of Credit ManagementScenarios where we are typically instructed:Invoice Finance::Company has entered(or is about to enter) Insolvency and you need your capital backBusiness in DistressIrregular AuditFraud Suspected90 day column of client too highClient asking for Overpayments or increase in pre payment %Insolvency Practitioners:Collect out requiredNeed to assess position for potential InsolvencyPotential Job but not on funders panelRe Assigned ledger to collect.Visit our website www.credebt.co.uk for more details.The site also contains many Case Studies and Testimonials as well as full details of all our services.

Bristol, Avon, Gb

ITSETTLEDCredit Management and collections assistance for whole or partial ledgers.This service is aimed at those that don't have a dedicated Credit Control function or the function is not performing as required.We will get things back on track for you and help you get everything you need in place to deal with this vital element of the business yourselves.Our aim is to get you in a position where you don't need us as quickly as possible.Whilst generating cash fast we can also provide:A Credit PolicyCollections procedure including all letters required using effective cause and affect chasing.Order to Cash reviewInvoice Finance facilty advice and supportTeam structure definition and recruitmentQuery resolutionOur goalWe’re striving for a world where no business fails because it doesn’t have the ability, knowledge, or confidence to get paid for its products or services.Our storyItsettled has been built on our CEO Glen Morgan’s 30 years of credit management experience. We have worked with 100's of businesses small and large and helped them improve their cashflow.

London, England, Gb

Appointed to the R3 Committee for the South West and Wales region at the AGM 03/12/13Stayed for 6 years in total after being voted in again in 2016.

Peterborough, Gb

South West Branch Committee Member.Championing the industry of Credit Management and looking to improve it's profile both locally and nationally

Zurich, Ch

Director of Credit with responsibility for over 20 staff in several locations as well as over £300 million per year in annual collectionsAchievements:Implemented Global Credit Risk Policy and procedures including full system set up for over 8000 customers in 46 Worldwide Countries.Managed Sales Ledger and Credit Management functions and aided with the successful switchover from Sap to Atlas.Ensured current debt ratio was maintained in excess of 95% at all times.

Pittsburgh, Pa, Us

Director of Credit, operating at Board Level, with responsibility for over £300 million per year in Collections, over 20 staff, 4 locations and 27 offices throughout the UK, Europe and Turkey.Achievements:*Reduced DSO from 94 days to 64 days in first 12 months*Reduced overdue debt from £8.9 million to £2.2 million.*Amalgamated departments & facilities whilst reducing headcount by 6 & saving £110k in salaries.*Ran Project that reduced invoice queries by 300% & released significant cash back into the business when implemented.Responsibilities:*Development, recruitment, appraisals etc for whole division of Major $6 billion turnover, Global US Company.*Ensure payment to terms of 1200 major Blue Chip OEM's & Automotive Manufacturers.*Integrate new businesses acquired into existing Framework quickly & with the minimum of disruption to either business.*Attend weekly Senior Management and Monthly Board meetings and represent Credit Management and Risk function as head of Department.*Create Credit Policy and Procedures ensuring that all Sarbanes Oxley, internal Audit and Six Sigma requirements are met.*Visit Major customers & resolve multi million pound issues to facilitate payment & prevent re occurrence of problems.*Accurate cash flow & working capital forecasting into Group HQ in Chicago, USA for £250 million per annum of Sales.*Credit Risk Analysis of all new and existing customers to ensure that robust policy in place under current & future economic climate.*Visit & Provide advice to 18 Regional UK sites and 9 European Sites on process improvements, invoicing, debt management, other requirements & Risks within their individual business units.*Prepare Credit Function for Integration to new system over 2 year period to encompass existing Credit Departments & any additional staff/Systems from further acquisitions in this time.*Contract negotiations with new/existing customers to ensure agreement does not compromise position & cause additional liabilities

Achievements:*Reduced DSO from 89 days to 58 days*Reduced overdue debt from £2.9 million to £560k in 12 months.*Presented improvements project to the Board to obtain sign off for changes required.*Re wrote Credit Policy and Procedures which helped to reduced queried invoice value from £1.2 million to £235k within 6 months of implementation.Responsibilities:*Manage 6 staff members including Staff Appraisals, Development and Recruitment to ensure substantial reductions in overdue debt and DSO.*Develop and improve reporting techniques and procedures for all reports Including Board level and Investors reports completed monthly.*Set and develop Credit Policy and procedures to include risk analysis for a rapidly growing, £100 million turnover business ensuring KPI goals met.*Liaise with other Senior Managers and Directors at 14 Regional sites to ensure speedy query resolution and maximise cash flow.*Accurately forecast Cash flow up to 3 months in advance to maximise Working Capital for the business.*Involvement in negotiation of major new contracts to ensure terms and all legal obligations are adhered to and prevent potential disputes.*Project Management for recent new system integration including alltesting and final sign off prior to go live date.*Regular visits to Major customers and Regional sites to aid in process and system issues that lead to delays in payment.

Central Dublin Airport , Dublin, Ie

Responsibilities and Achievements:*Manage 22 staff across 3 departments, Credit Control,Sales Ledger and Sales Admin responsible for collection of UK Food Sales debt totalling £400 million plus.*staff development and target setting to achieve departmental and Company objectives.*Negotiate contracts with Credit reporting and insurance providers.*Reduced DSO'S as well as other KPI's within the business.*Spearheaded project team for Sap integration of several sites.

London, England, Gb

Responsibilities and achievements:* Reduced DSO to 9 days by changing invoicing and payment methods used.* Recruit, lead, train and manage 6 staff responsible for collections in excess of £975 million split between auction houses, dealers and manufacturers.*All reporting completed in an accurate and timely manner.*To highlight areas of potential risk and ensure that policy is adhered to at all times.*Start running new department after transferral of work from London office to Bristol.*Many improvements to procedures and structure carried out following Transfer of work which resulted in substantial savings in time, staffing levels (-3) and cash.

Milton Keynes, Gb

Responsibilities and Achievements:*Manage 6 staff responsible for collections of debt generated by 7 sitesIn SW area to achieve Reduction of overdue debt by 350% in first year.*Litigation including enforcement of Judgements once obtained.*Analysis of new accounts and production of various management reports.

Melbourne, Victoria, Au

Spent year travelling Australia including 5 months Brisbane/Gold Coast.Then onto Sydney where i worked for ANZ bank for 3 months assisting with a project to automate cheque and payment processing.I then moved onto Melbourne where I assisted Telstra communications with a Credit risk and analysis project.

Bescot, Gb

Responsible for Signs, Hotels, Travel and Information.High Volume Credit Control and Sales Ledger Management.

Chartered Institute Of Credit Management, Cicm

Ba(Hons), Business And Finance

Education record