Specialist Construction Debt Recovery | Contractual debts and retentions

Contract Recovery Solutions assists businesses, advisers and insolvency practitioners in the recovery of contractual debts and retentions, which can be notoriously difficult to collect, particularly in the construction sector. We have a proven track record in Construction Debt Recovery, we work hard to get you what is rightfully yours. Why not learn more about what we could recover you with our FREE initial review.

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  • TELL YOU IF WE CAN HELP & HOW

Register For Free Debt Review

We will give you one hour of our time FREE* in order to see if you have a case for reclaiming what is rightfully yours.

    All too often a smokescreen is thrown up by main contractors and work in progress, stage payments, variations to the contract and retentions can prove a minefield to collect for all but the experienced specialist. This is where CRS steps in.

    Instructing CRS at the earliest available opportunity will ensure that the construction debt recovery is maximised. Contracts at various stages will be assessed and where funds permit and a better outcome achieved, CRS will recommend which contracts can be completed. We secure the contract documentation and ensure that the correct paperwork is in place to support contractual and legal procedures. We quickly assess sums which are justifiably due and which can be collected (so long as the debtor has the ability to pay). Don’t take our word for it though, here is what we did for one of our clients…

    An expert Retentions team who can really Raise the Roof!

    Retentions Experts CRS go over and above for a Yorkshire Roofing company and recover 158% of their ledger…

    CRS were appointed by the liquidators of a roofing company in west Yorkshire with an outstanding sales ledger of £180,000. On further investigation attending offices and spending days searching the books and record, CRS discovered retentions due to the company in excess of £250,000 which had not been documented or recorded. None of the retentions had been collected during the entire existence of the company.

    Once collections had been made and retentions that were not statute barred had been recovered, CRS collected a total of £285,000 against what had been advised as a £180,000 ledger. Returning 158% of collections against original company books and records.

    CRS are Construction debt recovery experts, with hands on experience of construction debt and a specialist debt recovery team. We offer a free review of construction ledgers and focus on the harder to collect debts, such as applications and retentions, giving you the best picture on what is recoverable and when its likely to be recovered by.

    Blasting Through the Roof of Recovery to recover 158% of the cleints ledger

    Request Free Ledger Review

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    No win no fee collections

    Once the report has been submitted CRS will work on the collection of the sums owing, on a fee scale basis – calculated on the sums actually recovered, so as to present a SELF FINANCING COST; the fee scale depending upon the size and complexity of the ledger.

    Any fees collected by CRS will be transferred to the client within 7 days of receipt, accompanied by our invoice for the agreed fees.

    FREE Initial Review

    CRS provides a FREE initial review of the ledger, detailing the total amount of book debts, work in progress and retentions outstanding from each debtor and a predicted recovery based upon the information provided and the status of the company.

    A Guide to Recovering Construction Debt

    Everything you need to know in one handy guide. Simply complete the form to receive the PDF

      Reporting

      CRS are aware that our client needs to be kept up to date with the progress we are making and we provide a detailed monthly report on each case we take on. Alternatively we can tailor our reporting dates to suit your own needs.

      Advisory

      As part of our desire to maximise recoveries, we encourage clients to take advantage of our advisory services. We will attend the initial meeting with you as part of your team, to provide specialist advice from the outset of the assignment. We add weight to your credibility and to the success of the assignment.

      Check out our Advisory Service which is available for both construction debt recovery and commercial debt recovery.

      Free Construction Debt Advice

      We have set up a dedicated “Help Desk” to help provide small contractors and sub-contractors with Construction Debt Advice.
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