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Just because Carillion hasn’t been in the headlines for a few weeks and you may not have felt the impact of their demise yet, don’t think that we are out of the woods.  Obviously, there will be those businesses that have been directly impacted, which hopefully, will be actively seeking professional advice, but the number...
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Debt Recovery Specialists
A mere 4 out of the Top 100 Construction Companies have signed up to the government’s Construction Supply Chain Payments Charter since it was set up in January 2015 and not a single Top 5 construction company has signed up!   Are you surprised?   The Construction Supply Chain Payments Charter’s ambition for 2025 is...
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Build UK, an organisation that represents 40% of the construction sector is looking to learn lessons from the demise of Carillion and is trying to lead a wholesale change in the way that the industry operates, to bring about an industry that is fairer, more efficient and ultimately more profitable. And these views have been...
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The knock-on effect of Carillion’s failure is potentially massive for the construction industry, even for those contractors who don’t work for them directly. IP’s are likely to be consulted in the weeks and months to come by construction businesses and, as specialists in construction, CRS Group can work with you to provide a solution.  ...
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Commercial Debt Recovery
The amount of work we receive from INSOLVENCY PRACTITIONERS AND ASSET BASED LENDERS that other people have ‘already had a go at’ is astounding.   Whether it be internal staff, other debt recovery ‘specialists’, lawyers or even other QS practices claiming to specialise in finance and debt recovery… time after time we find people referring...
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construction debt recovery
Want to hear more about construction debt recovery?   IPs Urged to Monitor Construction Businesses as Decline Forecast   The Construction Products Association has downgraded its forecasts for the construction industry with no growth expected in 2018 and CRS Managing Director Tim Shore warns insolvency practitioners to beware of this when assessing construction clients.  ...
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Network Rail has this week announced that it will be banning all retentions. A move which is intended to protect sub-contractors in tier 2 of the supply chain. The overhaul means now that contractors must use project bank accounts and payments must be made to suppliers within 28 days of works being carried out.  ...
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It may have not gone unnoticed that I’ve had a bit of a bee in my bonnet about Carillion, the way that they acted, the way that they allowed the company to fail and the way that they treated their subbies.   But most of all, and of interest to many IPs and subbies is...
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RETENTIONS – THE FACTS Do You Know That……? Contract Retentions Average 5% of Contract Value 71% of Contractors Find Retentions are Never Paid on Time >50% of Contractors Never Get Paid Retentions At All Why Do Retentions Remain Unpaid? Disputes over defects (valid or otherwise) Insolvency of main contractor Directors who DON’T even try to...
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Debt Recovery for IPs
No Win No Fee on Commercial Debt Recovery for IPs Do you need help collecting commercial debts? CRS now offers general debt recovery services and Debt Recovery for IPs to our clients across a variety of sectors and all on a “NO WIN, NO FEE”   Building on our reputation for effective, efficient, and professional...
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