ADAR International was founded in 1987 by Mr. Sidney J. Golub.
A graduate of the prestigious Wharton School of Business, and successful, 40-year career businessman serving as CEO and CFO for several US companies, Mr. Golub decided to start his own company when he learned of the need in the market for better service in the recovery of unclaimed funds held in U.S. government accounts. Over the next ten years Mr. Golub grew his business from a start-up of 4 employees to a total of 35, becoming the largest and most important recovery service firm in the US and the UK. Consistent and diligent tracking of insolvency data over the more than 20 years (both in the US and the UK) has provided Adar with the most comprehensive unclaimed funds database in existence today which proves a valuable source for uncovering assets for our clients on an ongoing basis.
The beginnings in the United Kingdom
Bureaucracy and red tape stonewalled Adar's initial forays into the UK but Mr. Golub was determined to change the way business was done there. In 1992, at no small cost and without the security that there would be a positive result, Mr. Golub engaged prestigious British Counsel, high powered public relations people and insolvency professionals. After 2 years of meetings, agreements and trial runs Adar was successful in convincing the British Department of Trade and Industry to open their records of unclaimed funds to the firm. After being vetted at the highest levels of the British government (Ministerial, DTI) Adar became the first non-governmental entity to gain privy to these files. Since then, the firm has been successfully recovering funds for their clients in the UK and total distributions have been in the millions of pounds Sterling. Adar's client list includes many of the largest UK banks and Limited companies and they are unmatched for comprehensiveness of their data, quality of service and cost effectiveness. (Because Adar International is incorporated in the United States their clients in the UK do not pay VAT tax.)