800+ Days Unpaid — Our Experience with Tool Raptors Ltd
Our experience with Tool Raptors Ltd as a creditor has been deeply disappointing and raises serious commercial concerns.
NEDAVION Aerospace issued valid commercial invoices to Tool Raptors Ltd which remained unpaid long before the company entered its CVA process in May 2024.
Over an extended period, repeated assurances and payment representations were made to us, including transmission of SWIFT payment copies prior to commencement of the CVA. Despite these representations, no funds were ultimately received by our company.
More than 800 days later, the position now presented is that additional procedural action is still required from the creditor side in order to participate in the CVA process, despite the debt already being fully known, communicated, and outstanding prior to insolvency protection.
While we respect that insolvency procedures exist for legal reasons, from a commercial and supplier perspective this experience has been extremely negative.
This post reflects solely our documented commercial experience as a creditor. Suppliers are strongly advised to conduct extensive credit, payment, and counterparty risk assessments before extending unsecured terms.







