In the latest series of large contractors struggling with climbing debt, Interserve has recently confirmed it is engaging in talks with lenders regarding refinancing and a possible debt-for-equity swap. The news comes a month after Interserve reported its net debt increased ‘more than expected’ and could reach £650million by the year’s end. Shortly after the...Read More

Retention money in construction contracts. Are things going to change?   The first day of the 2018 Construction News Summit saw Construction Minister Richard Harrington announce that the government policy on retention money in construction contracts is going to change ‘very soon’. Commentators within the industry are somewhat divided over the issue; between those in...Read More

Have you considered outsource credit control?   Late payments in the construction industry have long plagued and even killed the livelihood of contractors big and small. If you haven’t already it is time to consider outsource credit control.   It is an issue that is only now being brought to light.   Earlier this year, CN’s report...Read More

Ease Cashflow issues with CRS Credit Control. Anyone who has been following our last series of blog posts will be well aware of the pressure under which UK construction firms are now beginning to crack.   Brexit’s uncertainty, Carillion’s collapse, falling margins and lower lending all spell a picture of doom and gloom in the...Read More

Construction Lending Down. Is it time to consider outsource credit control? The construction industry has always been rife with cashflow issues throughout its various tiers, but these look set to worsen across the board, as the latest Bank of England figures dictate. Recent months have seen a significant decline in construction loans from banks; a...Read More

12 Most common excuses for debtors not paying (or only partially…) – Small business cash flow management advice from CRS. At CRS our team of endorsed debt recovery specialists strive to maximise the full potential of recoveries on every case. Of course, we’ve heard our fair share of excuses along the way. Here are some...Read More

We are all well familiar with the topic of Brexit. Amidst the talks; vague plans, ambiguous terms, and general uncertainty about the future. But for an industry of its size and significance to the economy, there is worryingly low awareness of the potential impact of a ‘no deal’ Brexit on the future of construction in...Read More

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...Read More

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...Read More

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...Read More