The UK construction industry is sadly plagued by unpaid debts. A recent report indicated that each UK construction firm writes off around averagely between £ 10,000 to £100,000 of bad debt each year – but this needn’t be the case.
Recovering Debt in the Construction Industry UK
It is essential that those in the construction industry look to protect their business against business losses. Cash flow is essential to keeping your business afloat and whether you are owed a few thousand pounds or several hundred thousand, Debt Collect can help you recover the funds due to you.
Debt recovery in the construction industry requires specialist expertise, the complex nature of construction contracts can often mean you are paid less than you are owed, not paid on time, or even not paid at all. One of the biggest issues for construction debt is retention payment recovery and many businesses struggle to get these payments back. However, here at debt collect we can work with you and your debtors to maximise your debt recovery.
Djj Consultancy are a Construction Claims Specialist that can help you recover unpaid business debts and get your cash flow back on track. We help all kinds of business from wholesale retailers to construction business and from small business right up to major PLC’s.
