Insolvency and recovery
advice for construction businesses

Assess cash-flow pressure from delayed valuations, retentions, disputed work and rising project costs.

Understand the project-level position

An apparently profitable order book can still leave a contractor short of cash. Review each live contract, unpaid applications, retentions, work in progress and the cost to complete. Distinguish money that is genuinely collectible from claims that remain disputed.

Contracts & retentions

Supplier pressure

Project cash flow

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◆ PRESSURE POINTS

Key considerations for construction businesses

Map commitments before further work

Include subcontractor balances, plant hire, materials, CIS, VAT and payroll. Check the ownership of equipment and any finance or retention-of-title terms. Taking on more work without the funds to deliver it can increase exposure rather than solve a shortage.

Compare recovery with an orderly exit

A recovery review should test margins and payment terms on current work, not rely only on a future tender. Where contracts cannot be completed safely or sustainably, advice is needed about creditors, staff and the available closure options. Contract disputes may also require a construction solicitor.

◆ RELEVANT SUPPORT

Relevant support for
construction businesses

These are the routes most relevant to this situation. Each page explains the process in detail.

Company Rescue & Restructuring

If the business has a viable future, explore ways to stabilise cash flow, address arrears and keep trading.

HMRC Time to Pay

A realistic instalment proposal may help a business address overdue tax while meeting its ongoing commitments.

◆ NEXT STEPS

What happens if you get in touch

Understand your position

Discuss your financial position, current pressures and any urgent deadlines.

Review your options

Review the practical routes and the information needed to assess them.

Agree the next steps

Decide how to proceed with a clear understanding of the implications.

— CONFIDENTIAL BUSINESS ADVICE

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your business options?

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Supporting businesses across Yorkshire

Insolvency and recovery advice for construction businesses