|Steps in pursuing claim||Weeks||Cumulative weeks||Comment|
|1||Initial screening (48-72 hours)||0.5||0.5||2-3 day response time|
|2||Further due diligence/ source ATE / confirm prefunding in place||1-1.5||1.5-2||Run in parallel|
|3||Agree funding terms with insolvency practitioner / prepare offer document||0.5-1||2-3||Tried & tested documentation|
|4||Source funding to fully finance the case to trial||1||3-4||Funds sourced in 1 week or less.|
|5||Axia uses internal and external legal specialists to pursue the claim and maximise value. Axia continuously monitors the claim to resolution.||12-104||15-108||On average we expect claims to settle within 52 weeks|
|6||Pay Insolvent company their share of any settlement and distribute remaining proceeds to Axia’s investors. Pay remaining introducer fees.||1||16-109: avg circa 52 weeks||Insolvent company/creditors receive contractual share of any settlement|
Experienced team: Axia is operated by seasoned litigators and investment bankers who are focused on building long-term relationships with IPs.
Initial response within 2-3 days: We will provide an initial assessment on your claim within 2-3 work days. If this is favourable, we will request a period of exclusivity to complete our assessment and source the capital, with a target turnaround time of 1 month or less from initial enquiry to funding.
Flexible claim size: Axia will source funding for claims with value from £50,000 up to £5m
Backed by a private group of high net individuals: We source capital privately from high net worth individuals under NDA via the AxiaFunder platform.
Competitive pricing: An SPV, advised by Axia, buys or funds the claim and seeks to share a competitive proportion of the upside with the insolvent company, compared to other funders in the UK market. The SPV typically shares more than 50% of the net proceeds with the insolvent company.
|SPV purchases claim from IP||5|
|Legal costs paid by SPV||75|
|Gross settlement amount||500|
|Less reimbursements to SPV||(80)||Purchase price fee & legal fees|
|Net settlement amount||420|
|Share of net settlement to Insolvent Company||55%||231||% payout agreed beforehand|
|Share of net settlement to SPV||45%||189||Deferred ATE premium to be deducted|
|Total payment to Insolvent Company||236|
|% of net settlement to Insolvent Company||56%||Anecdotally competitive|
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