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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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Alarm bells should be ringing for insolvency practitioners and construction company owners as a big increase in profit warnings potentially predict  a much higher number of insolvencies in the construction sector down the line.   Twice as many profit warnings were issued by FTSE construction and material companies in the first half of 2018 as...
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