Winding-up order issued against Readie’s employee ownership trust

The High Court has issued instructions to close down Readie Construction’s employee ownership trust (EOT). Logistics and warehouse contractor Readie Construction appointed administrators from insolvency manager Begbies Traynor in February. Earlier today (17 April), Insolvency and Companies Court judge Catherine Burton issued a winding-up order… The post Winding-up order issued against Readie’s employee ownership trust appeared first on Construction News.

What are the main causes of insolvency in construction?

Shaun Barton, partner at Company Closure, examines the roles cash flow and other factors play in insolvency in construction businesses. The post What are the main causes of insolvency in construction? appeared first on Planning, Building & Construction Today.

How to manage cash flow as an SME in construction

Jon Munnery, an insolvency and company restructuring expert at UK Liquidators, outlines how small to medium (SME) construction businesses can manage their cash flow. The post How to manage cash flow as an SME in construction appeared first on Planning, Building & Construction Today.

Construction tops insolvency table with 4,371 collapses last year

The construction industry saw more companies go bust than any other sector last year, with a record 4,371 building firms collapsing in England and Wales. New data published by the Insolvency Service shows that construction accounted for almost one in five business failures where a… The post Construction tops insolvency table with 4,371 collapses last year appeared first on Construction News.

Court of Appeal delivers blow to Adler’s €6bn debt restructuring plan

Lower court’s approval for restructuring to save German property group from insolvency is overruled

Keating Chambers - Preparing for Challenging Times Ahead - Insolvency in the Construction Market, 31052022

King’s College London, in conjunction with, Fenwick Elliott, CMS, HKA and Keating Chambers present a seminar exploring the current construction climate, identifying and mitigating risks and how companies can prepare themselves for turbulent times ahead.

Fenwick Elliott - Annual Review 2022, 2023 (December 2022)

A round-up of key developments in the construction, engineering and energy arena including: The Building Safety Act, Adjudication updates, the Construction Industry Law Letter, Technology advances, and economic and political challenges

CABE - Dispute Resolution & Avoidance in Construction Contracts, 11082020

This Webinar by Michael Gerard Michael Gerard Solicitors looks at Dispute Resolution and Avoidance in Construction Contracts

Metroun - Collateral Warranties, What Purpose Do They Serve

Insolvency is a huge risk in the construction industry. What first seems like the perfect project, can quickly become the perfect storm. Sometimes, the beneficiary of a construction project can all of a sudden be left with no contractual link to project stakeholders. This is where Collateral Warranties come in. This video discusses what Collateral Warranties are and the purpose they serve.

Metroun - Vesting Certificates, are they needed, 22122021

A vesting certificate can be used as evidence that ownership belongs to the client upon payment, defeating third party claims of retention of title. In other words, if a contractors becomes insolvent before the items have arrived to site, the vesting certificate is proof that the client is the rightful owner. So that solves that issue right? Well, there’s a little more to it....

Everyone has been talking about how to manage cost inflation but looking ahead, might insolvencies become the latest top risk to your business?

How are you dealing with the risk of supply chain insolvency?

How should i protect advanced payments required by my off-site manufacturing specialist?

Will the Corporate Insolvency and Government Act 2020 have unintended negative cash flow consequences for smaller suppliers?

Will the floodgates now be opened for insolvent parties to adjudicate without fear of injunction on the grounds of their financial position?

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