“Say your WIP is £10m and the bank is concerned that it’s looking a bit high. With LQC Analytics, you can explain that £5m is green-rated, meaning that liability has been admitted; £3m is amber-rated, so there is good evidence to support the cases; and £2m is red-rated, which simply means you are still investigating. If you can provide a timeline of predictions as to when cases will finish and how they will pay, then you will have a much happier bank. You can also forecast a particular quarter when you might need a bit more lending because of a lag in cases closing.” 

Patrick Allen
Senior Partner of Hodge Jones & Allen and Former APIL President