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

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.  ...Read More

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...Read More